Bharat Mobility Global Expo 2025: Vietnam’s famous company Vinfast, which competes with Tesla worldwide, is ready to make India its export base. The company’s factory is being built in Thoothukudi, Tamil Nadu and from there it is planning to export to West Asia and Africa. Giving this information, a top official of the company said that the first phase of this factory, which is being built with an investment of about $ 200 crore, is expected to be operational by mid-2025. VinFast is eyeing to create a complete ecosystem for EVs in India. Under the group company V-Green, it will manufacture batteries and also set up charging stations.
V-Green will look for investors who are willing to spend money to set up charging infrastructure in India. It is a separate company from Vinfast but its founder is also Pham Nhat Vuong. VinFast showcased its first electric vehicle for the Indian market on Saturday at the Bharat Mobility Global Expo 2025. The Nasdaq-listed company unveiled two fully electric premium SUVs, the VF7 and VF6. Both the vehicles will be introduced this year. The company plans to launch seven such vehicles in the market.
“We chose Thoothukudi because it is close to the port and the airport,” Pham San Chau, chief executive officer of Vinfast Asia, said in response to a question by Business Standard. This will help us in exporting. We already have two factories in Vietnam, one with a capacity of 50,000 vehicles and the other with a capacity of around 1 lakh vehicles. Apart from the Indian market, we will keep an eye on West Asia and perhaps Africa.
An initial investment of $500 million will be made on the factory. Chow said localization has been a topic of discussion and the company will also consider manufacturing batteries in India. He said, ‘We have to increase local input in vehicles as much as possible. Initially, we will have dealer partners in all the metros and big cities of the country. When asked about V-Green, he said that it will look for co-investors in India.
“We are here with a plan to stay for the long term and invest in our Thoothukudi factory,” Chow said. Our factory is currently being built and will be ready in the first half or early second half of this year. Vinfast’s electric vehicle factory in Tamil Nadu is expected to create 3,000 to 3,500 local jobs.
Ashwin Ashok Patil, Deputy CEO (Sales & Marketing), VinFast India, said, “Sales of our premium SUVs VF7 and VF6, tailored for the Indian market, are expected to commence in the second half of this year. Vinfast is appointing dealers with its omni channel in all major cities of India.
Chow said, ‘We are confident that the premium SUVs VF7 and VF6 will bring dramatic changes to the Indian market. Our presence at the expo shows the determination we have for the Indian market and our clear vision for sustainable mobility solutions and advanced technology.
He said that this year the company will launch two of its vehicles in the market. To establish itself as a premium car manufacturer and target the Indian upper middle class, VinFast is producing seven models. The company’s vehicles come with great features and a good dealer support policy. Its vehicles also come with a ten-year warranty and battery leasing facility.