+
VinFast's Ambitious Entry into India's EV Market
ECONOMY & POLICY

VinFast's Ambitious Entry into India's EV Market

Vietnamese electric vehicle (EV) manufacturer VinFast is gearing up to make a significant entrance into the Indian market, eyeing an investment of up to Rs 1,665 crore for an EV plant. This move positions VinFast as a potential Tesla rival in India's growing EV industry. The company's decision comes as India pushes for a shift towards sustainable transportation. VinFast's proposed investment aligns with the Indian government's efforts to promote electric mobility and reduce carbon emissions. The company is known for producing a wide range of electric cars, including electric scooters and electric buses. If successfully executed, this investment could contribute significantly to India's efforts to reduce its carbon footprint and make transportation more eco-friendly. VinFast's entry into the Indian market could offer consumers more choices in the EV sector and potentially intensify competition among automakers, ultimately driving innovation and affordability in the electric vehicle market.

Vietnamese electric vehicle (EV) manufacturer VinFast is gearing up to make a significant entrance into the Indian market, eyeing an investment of up to Rs 1,665 crore for an EV plant. This move positions VinFast as a potential Tesla rival in India's growing EV industry. The company's decision comes as India pushes for a shift towards sustainable transportation. VinFast's proposed investment aligns with the Indian government's efforts to promote electric mobility and reduce carbon emissions. The company is known for producing a wide range of electric cars, including electric scooters and electric buses. If successfully executed, this investment could contribute significantly to India's efforts to reduce its carbon footprint and make transportation more eco-friendly. VinFast's entry into the Indian market could offer consumers more choices in the EV sector and potentially intensify competition among automakers, ultimately driving innovation and affordability in the electric vehicle market.

Next Story
Technology

Six ways a smarter workflow leads to faster, more accurate bids

In today’s fast-paced civil construction environment, estimators need more than just solid numbers. They need smart, streamlined processes. This article explores six key ways connected workflows can transform the estimated approach, help in minimising risk, move faster, and improve accuracy. By integrating tools, data, and teams, one can produce stronger bids with less rework, fewer surprises, and more confidence. As an estimator, the job goes beyond producing numbers. They are responsible for delivering bids that are fast, accurate, and built to win. In today’s civil construction ind..

Next Story
Real Estate

Experion Launches Women-Only Co-Living Project in Greater Noida

Experion, part of Singapore-based AT Capital Group, has launched its first co-living space under its managed rental housing brand, VLIV, in Greater Noida. The all-women residence features 730 twin-sharing beds with a strong focus on safety, comfort, and well-being. VLIV has committed a $300 million investment to create a structured, service-led rental housing ecosystem in India. The brand aims to scale up to 20,000 beds in the next few years, with a long-term target of 100,000 beds nationwide. “India’s rental housing is fragmented. VLIV is our way of building long-term, dependabl..

Next Story
Infrastructure Urban

Officine Maccaferri Acquires CPT to Bolster Tunnelling Tech

Ambienta’s platform company, Officine Maccaferri S.p.A., has acquired CPT Group, a leading Italian developer of robotic prefabrication systems and digital control technologies for mechanised tunnelling. The move positions Maccaferri as a global player in integrated tunnelling solutions, blending traditional and advanced mechanised systems. Based in Nova Milanese, CPT serves major global contractors across Europe, Southeast Asia, and Australia. The company offers robotic prefabrication (Robofactory), productivity-monitoring software for Tunnel Boring Machines (TBMs), and eco-designed spa..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?