THOOTHUKUDI, Aug 4 (Reuters) - Vietnamese electric
vehicle maker VinFast launched its first manufacturing
facility in southern India on Monday, marking a key step in its
expansion into the world's third-largest auto market.
Vinfast plans to roll out cars to the showroom later this
month, Pham Sanh Chau, CEO of VinFast Asia, told Reuters at the
sidelines of the inauguration of its Indian plant in
Thoothukudi.
Last year, VinFast and Tamil Nadu state agreed to work
towards an investment of up to $2 billion, with an intended
commitment of $500 million for the first five years. The plant
is expected to have an annual production capacity of up to
150,000 vehicles.