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 Transport

06 Feb 2026

Lucknow Metro East-West Corridor Consultancy Contract Awarded

The Uttar Pradesh Metro Rail Corporation has awarded the first construction-related consultancy contract for the Lucknow Metro East West Corridor to a joint venture of AYESA Ingenieria Arquitectura SAU and AYESA India Pvt Ltd. The firm was declared the lowest bidder for the Detailed Design Consultant contract for Lucknow Metro Line-2 under Phase 1B and the contract was recommended following the financial bid. The contract is valued at Rs 159.0 million (mn), covering design services for the corridor. Lucknow Metro Line-2 envisages the construction of an 11.165 kilometre corridor connecting Cha..

Infrastructure Urban

06 Feb 2026

Div Com Kashmir Urges Fast Tracking Of Jhelum Water Transport Project

The Divisional Commissioner of Kashmir has called for the fast-tracking of the Jhelum water transport project, urging district administrations and relevant agencies to accelerate planning and clearances. In a meeting convened at the divisional headquarters, the commissioner instructed officials from irrigation, public health engineering and municipal departments to prioritise the project and coordinate survey and design work. The directive emphasised removal of administrative bottlenecks and close monitoring to ensure timely mobilisation of resources and contractors. Officials were told to in..

Infrastructure Urban

06 Feb 2026

Interarch Reports Strong Q3 And Nine Month Results

Interarch Building Solutions Limited reported unaudited results for the third quarter and nine months ended 31 December 2025, recording strong revenue growth driven by execution and a robust order book. Net revenue for the third quarter rose by 43.7 per cent to Rs 5.225 billion (bn), compared with Rs 3.636 bn a year earlier, reflecting heightened demand in pre-engineered building projects. The company’s total order book as at 31 January 2026 stood at Rs 16.85 bn, supporting near-term visibility. EBITDA excluding other income for the quarter increased by 43.2 per cent to Rs 503 million (mn),..