Tesla rival VinFast mulls setting up manufacturing plant in India
Electric vehicle maker VinFast Auto is contemplating the establishment of a manufacturing plant in India, according to a report by The Economic Times (ET). Should the firm’s plan materialise, it would be the first Vietnamese automaker to set up a manufacturing unit in India. The company emerged as the world’s third most valuable carmaker last month.
A source was quoted as stating that the firm held discussions with various state governments before focusing on Tamil Nadu and Gujarat as potential investment destinations.
