VinFast plans to invest Rs 7,000 crores in Tamil Nadu
Vietnam-based automotive manufacturer VinFast has plans to invest Rs 7,000 crore for the expansion of its manufacturing operations in Tamil Nadu. This investment will be made in the second phase of the Tuticorin facility to extend production beyond passenger vehicles to include electric scooters and buses at the 408-acre plant
This expansion will transform the site into a multi-segment electric mobility hub capable of producing up to two lakh electric cars, 10 lakh electric scooters and 2,000 electric buses annually. Vinfast has invested around Rs 1,200 crore in the first phase.