Vietnamese EV brand Vinfast
Eyes India entry
Founded in 2017 by Vingroup
Sells EVs in home market and USA
Second and third plant coming up in USA, Indonesia
Exploring ASEAN markets like India
Has already started hiring for some positions
Top-down approach
Expected to begin operation next year via CBU route
Could later locally assemble with CKD kits
Eyeing Ford’s Chennai Factory
Sources say talks may be at a preliminary stage
Exploring a 1 lakh unit facility
Has already looked at multiple options in Gujarat, Tamil Nadu
India could also be a export base for right-hand-drive markets in the latter half of the decade.
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