inaugurates

VinFast Inaugurates First EV Assembly Plant In India

Vietnamese electric vehicle maker has inaugurated its first plant in India at Tuticorin in south Tamil Nadu. Initially, the facility will assemble two premium electric SUV models, VF 7 and VF 6, and roll out 50,000 vehicles per year. Moreover, it is scalable to 1,50,000 units annually. Tamil Nadu Chief Minister M K Stalin inaugurated the plant in the presence of VinFast Asia, CEO Pham Sanh Chau, with the roll out of the premium VF7 car. VinFast is entering India’s fast-growing EV market, which remains largely dominated by domestic brands like Tata Motors and Mahindra in the affordable segment and Hyundai and MG Motor in the premium space.