Vietnamese EV maker investing $500m in India

Vietnamese EV maker investing $500m in India

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VinFast states Tamil Nadu plant will have yearly production capability of 150,000 vehicles PUBLISHED : 6 Jan 2024 at 18: 27 VinFast electrical cars are parked before shipment to consumers outdoors a displayroom in Los Angeles in March2023 (Photo: Reuters) HANOI – The Vietnamese electrical car maker VinFast hasactually signed an arrangement to set up its veryfirst production centers in India, as the enthusiastic business looksfor to permeate the world’s third-largest lorry market. VinFast and the southern state of Tamil Nadu concurred on Saturday to work towards an financialinvestment of up to $2 billion, with an meant dedication of $500 million for the veryfirst 5 years of the projec
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