· Manufacturing & Investment · Source: economictimes.indiatimes.com

Vietnamese electric carmaker VinFast plans $500 mn investment to expand Tamil Nadu plant

Vietnamese electric carmaker VinFast plans to invest $500 million to expand its Thoothukudi plant in Tamil Nadu for electric buses and e-scooters. Under a new MoU with the state government, approximately 500 acres in Sipcot Industrial Park will be allocated, with incentives and infrastructure support, marking VinFast’s continued commitment to growing its electric mobility operations in India.

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