Vietnam-based EV maker VinFast will invest $500 million to expand its Tamil Nadu facility in India, focusing on electric buses and two-wheelers. Under a new MOU, the government will allocate 200 hectares in the SIPCOT Industrial Park, support permits, and provide essential infrastructure. The expansion enhances manufacturing capacity, supply chain localization, and workforce skill development, broadens VinFast’s EV portfolio, and strengthens India’s green mobility.
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