Vietnamese electric vehicle (EV) major VinFast CEO Pham Sanh Chau said that the company is planning to inaugurate its car assembly plant in Tamil Nadu by the end of June.

"In the near future, apart from the Vietnamese market, we will focus more on Indonesia, India, and the Philippines markets," Pham Nhat Vuong said.

VinFast, the Nasdaq-listed global rival of American EV giant Tesla, had selected Thoothukudi in Tamil Nadu for its $2 billion facility. The first phase of the project will see a $500 million investment, with the plant expected to have an annual production capacity of up to 1,50,000 vehicles. The plant is likely to start EV production in 2026.
 
The plant will also develop an entire EV eco-system, including battery manufacturing and setting up of charging stations across the country. V-Green, a group company, will be looking for co-investors in creating charging infrastructure.