VinFast electric cars to be assembled at Tamil Nadu plant, launch by Diwali 2025
Vietnamese electric vehicle manufacturer VinFast is set to enter the Indian market with a strategic shift towards local assembly. The company plans to begin assembling its EVs at a new plant in Tamil Nadu. The company expects to open its Indian factory six months ahead of schedule, in the first half of next year.
The Tamil Nadu plant is expected to commence CKD (completely knocked down) assembly operations by early 2025, aiming for a faster market entry. The first locally assembled EV from VinFast is projected to be launched during the festive season next year.
VinFast has already taken significant steps towards this goal, including filing a patent for the VF3 and initiating road trials for the VF e34. The move to local assembly using CKD kits is anticipated to reduce import duties, allowing the company to allocate the saved funds towards brand building and marketing efforts.
Local assembly is expected to bolster confidence among suppliers, dealers and buyers, providing a solid foundation for VinFast’s operations in India. The company is optimistic that this strategy, coupled with competitive pricing, will enable it to reach a peak production capacity of 50,000 units in its first year.
We have been spotting multiple prototypes of their cars in India since 2022. The brand has not confirmed the cars that they intend to launch in our country. What are your thoughts on India’s EV future and the new EV brands entering the market? Let us know in the comments section below.
