VinFast India invests Rs 4500 Cr to manufacture electric bus & scooters

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VinFast India, a subsidiary of Vietnamese electric vehicle specialist VinFast, said it is investing Rs 4500 crore to manufacture electric bus & scooter in India.

The company is making this investment to expand its existing facility in Thoothukudi in Tamil Nadu in order to facilitate the unit for bus and scooter production.

To take up this initiative, the company has signed MoU with the Tamil Nadu government, which will allocate around 500 acres of land adjacent to VinFast’s existing facility in Thoothukudi.

The state government will also provide support in securing required permits and in establishing essential infrastructure connections such as electricity, water, internal road access, drainage, and waste management.

As the second phase of its existing USD 2 billion commitment, VinFast will invest USD 500 million in Thoothukudi to develop new dedicated workshops and production lines for electric buses and e-scooters, covering manufacturing, assembly, testing and other related operations.

The existing Thoothukudi facility covers 400 acre  and is equipped with internationally standardized production lines. It has an initial annual capacity of 50,000 electric vehicles and is being expanded to 150,000 units.

Since entering the Indian market, VinFast has continuously expanded its comprehensive EV ecosystem that spans manufacturing, distribution, charging infrastructure, aftersales services and battery recycling, with the Tamil Nadu plant being an important part of this ecosystem. At the same time, the company’s distribution network is rapidly growing, with 24 dealers already operating in major cities and a target of reaching 35 by this year.

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