Local Job Opportunities and Production Hub:
VinFast’s integrated EV manufacturing facility in Tamil Nadu is expected to create approximately 3,000 to 3,500 local job opportunities, positioning itself as a prominent electric vehicle production hub in the region. With a projected annual capacity of up to 150,000 units, the facility not only contributes to the development objectives in the Indian market but also supports VinFast’s export program in South Asian, Middle Eastern, and African countries.
Green Transportation Agenda and Sales Targets:
The project’s significance extends beyond economic contributions, aligning with India’s green transportation agenda. The government’s ambitious target of having 30% of newly registered private cars as electric vehicles align with VinFast’s commitment to sustainability. As revealed in its fourth-quarter and full calendar-year 2023 results, VinFast has set an ambitious sales target of 100,000 EVs in 2024, marking its entry into the US market and further positioning itself in untapped, volume-driven markets, particularly in India and Indonesia.
