VinFast Eyes Expansion Beyond Rs 165 Billion TN EV Plant

03 Jun 2025 CW Team

VinFast, the EV arm of Vingroup, plans to launch its VF7 and VF6 models in the Indian market before the upcoming festive season. “After surveying several states, we chose Thoothukudi due to its excellent logistical advantages, including proximity to both a port and an airport,” said Pham Sanh Chau, CEO of VinFast Asia.

The upcoming vehicle launches will mark Vingroup’s official entry into India—one of the world’s fastest-growing EV markets. “We view India as a strategic market and are exploring opportunities to scale our presence,” Chau noted. Discussions with Telangana and Andhra Pradesh are underway for potential facility development.

VinFast also aims to establish a strong dealership network across Tier 2 and Tier 3 cities, where EV adoption is rapidly increasing. The company praised both the central and Tamil Nadu governments for facilitating swift progress, highlighting that construction at the Thoothukudi site advanced rapidly over the past 15 months.

Chau emphasised the historical and diplomatic ties between India and Vietnam, citing long-standing goodwill between President Ho Chi Minh and Mahatma Gandhi. “India’s current investment environment is highly favourable, and the timing for our entry is ideal,” added Chau, a former Vietnamese ambassador to India.

Founded in 1993, Vingroup has evolved into Vietnam’s largest private-sector conglomerate, with interests spanning EVs (VinFast), real estate (Vinhomes), hospitality (Vinpearl), healthcare (Vinmec), education (Vinschool, VinUniversity), and science (VinFuture). It has already established a presence in Indonesia, the Philippines, and the United States.

Through its social enterprise wing, the group allocates substantial funds each year towards charitable causes in health, education, and innovation—underlining its vision of inclusive, global growth.

Vietnamese conglomerate Vingroup, currently developing a Rs165 billion (USD 2 billion) electric vehicle (EV) plant in Thoothukudi, Tamil Nadu, is in talks with the governments of Andhra Pradesh and Telangana to further expand its operations in India.VinFast, the EV arm of Vingroup, plans to launch its VF7 and VF6 models in the Indian market before the upcoming festive season. “After surveying several states, we chose Thoothukudi due to its excellent logistical advantages, including proximity to both a port and an airport,” said Pham Sanh Chau, CEO of VinFast Asia.The upcoming vehicle launches will mark Vingroup’s official entry into India—one of the world’s fastest-growing EV markets. “We view India as a strategic market and are exploring opportunities to scale our presence,” Chau noted. Discussions with Telangana and Andhra Pradesh are underway for potential facility development.VinFast also aims to establish a strong dealership network across Tier 2 and Tier 3 cities, where EV adoption is rapidly increasing. The company praised both the central and Tamil Nadu governments for facilitating swift progress, highlighting that construction at the Thoothukudi site advanced rapidly over the past 15 months.Chau emphasised the historical and diplomatic ties between India and Vietnam, citing long-standing goodwill between President Ho Chi Minh and Mahatma Gandhi. “India’s current investment environment is highly favourable, and the timing for our entry is ideal,” added Chau, a former Vietnamese ambassador to India.Founded in 1993, Vingroup has evolved into Vietnam’s largest private-sector conglomerate, with interests spanning EVs (VinFast), real estate (Vinhomes), hospitality (Vinpearl), healthcare (Vinmec), education (Vinschool, VinUniversity), and science (VinFuture). It has already established a presence in Indonesia, the Philippines, and the United States.Through its social enterprise wing, the group allocates substantial funds each year towards charitable causes in health, education, and innovation—underlining its vision of inclusive, global growth.

Infrastructure Urban

10 Mar 2026

ABB to Invest Rs 6.25 Billion to Expand India Manufacturing

ABB recently announced plans to invest approximately Rs 6.25 billion ($75 million) in India during 2026 to expand its manufacturing footprint and research and development capabilities. The investment follows more than $35 million spent in 2025 and reflects the company’s continued focus on strengthening its ‘local-for-local’ strategy in the country.The investment will support ABB’s Electrification, Motion and Automation businesses and expand manufacturing capacity for infrastructure sectors such as renewable energy, metro rail, data centres and industrial applications. Approximately 300..

Equipment

10 Mar 2026

Six WOLFF Cranes Handle 60,000 m³ Concrete for German Hospital

Six WOLFF tower cranes are playing a key role in constructing a new hospital complex in Memmingen, Germany, supporting large-scale material handling for the project. The facility is being built on a 7.7-hectare site and will feature six floors, around 480 beds and a gross floor area exceeding 75,000 sq m.Building shell works began recently in February 2025. One WOLFF 6531.12 Cross crane supported early site preparation before being dismantled in autumn 2025, while five remaining cranes continue operations. Over an average deployment period of 16 months, the cranes are expected to move approxim..

Equipment

10 Mar 2026

REC Funds Rs 115.6 Million CSR Support for Bihar Eye Hospital

REC recently committed Rs 115.6 million under its Corporate Social Responsibility (CSR) programme for the procurement of clinical and non-clinical equipment at Sankara Eye Hospital in Saharsa, Bihar. The initiative aims to strengthen healthcare infrastructure and improve access to specialised eye care services in the region.A Memorandum of Agreement (MoA) was recently signed between Pradeep Fellows, Executive Director (CSR), REC Limited, and Wg Cdr V. Shankar (Retd), Trustee and Executive Director of Sankara Eye Hospital, at the REC office in the SCOPE Complex, New Delhi.The support is expecte..