KEY HIGHLIGHTS
- Vinfast to start manufacturing by end of June.
- This plant will have a production capacity of 1.5 lakh vehicles.
- Will invest $2 billion in India.
- 8 cars in their portfolio.
VinFast, a name we first heard in early 2025, is set to start making cars in Thoothukudi, Tamil Nadu, by the end of June this year. In total, VinFast will invest up to $2 billion, with $500 million allocated for the first five years. This plant is expected to produce 1.5 lakh cars. Let's dive into more details and also explore the history of this Vietnamese car brand. But before that, swiftly join our 91Wheels Whatsapp Channel to never miss out on the latest automotive updates.
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Vinfast
This Vietnamese startup was founded in 2017 by the country's richest man, Pham Nhat Vuong, and by 2022, it had transitioned fully to electric vehicles. VinFast initially tried to establish a foothold in the US and Canada but failed miserably. They also had plans to build a manufacturing plant in North Carolina, USA. However, due to the ongoing tariff war initiated by the President of the United States, the project has been delayed until 2028. That said, the company's strategy has now shifted. Last year, VinFast signed a pact with the Tamil Nadu government and began constructing a state-of-the-art manufacturing hub, which is now expected to be completed by June 2025.
To add more, this electric car company - known for its stunning design language - also made quite a buzz at the Bharat Mobility Global Expo 2025, where it showcased its entire lineup of seven cars. These include the VF6, VF7, VF8, VF9, VF3, VF e34, and the Wild. Now, which one of these will launch first - we can't say for sure. However, looking at the current trend, the VF6 and VF8 make the most sense, as they are SUVs - and the Indian automotive market is currently all about SUVs
To add more, the Indian plant will also serve as a global export hub, with VinFast aiming to sell 2 lakh cars per year. "In the near future, apart from the Vietnamese market, we will focus more on the Indonesian, Indian, and Philippine markets," Pham Nhat Vuong told shareholders of VinFast's parent company, Vingroup. "At the moment, VinFast is not planning to boost sales in the United States, Canada, or the European Union due to high logistics costs," Pham Nhat added.
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Verdict
Vinfast didn't get approval by US, Canada and Eurpoean countries and now they're shifting their focus on Asia. With an investment plan of up to $2 billion, India will become its global export hub. To add more, this company has 8 cars in their portfolio, and we think the VF6 and VF8 will launch first. For more information like this, follow 91Wheels.
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