Vietnamese electric vehicle maker VinFast Auto Ltd. sees its new India factory as key to entering South Asia, the Middle East and Africa, Asia Chief Executive Officer Pham Sanh Chau said, as it begins a $500 million push to crack the world’s third-biggest car market.

Vietnam's Vinfast is to set break ground on a $500 million electric vehicle plant in India’s Tamil Nadu, part of a larger $2 billion investment to expand into Asian markets

VinFast, an emerging electric vehicle manufacturer, has launched its new factory in Tamil Nadu, India, with a $500 million investment. The company aims to produce 50,000 vehicles annually, emphasizing robust after-sales support to build trust and secure long-term customer loyalty in India's competitive auto market.