In what may add to the reputation of Tamil Nadu as the electric vehicle hub of the country and a new era in the investment growth map of Southern Tamil Nadu, Vietnamese electric-vehicle maker VinFast Auto Ltd will break ground for its $2 billion integrated electric vehicle (EV) manufacturing site in Thoothukudi on February 25.
According to a source aware of the development, this is part of a larger strategy to develop the region as one of the biggest industry clusters in the state, which already has the presence of players like Yamaha and Bosch. During the first phase of the project, the company is planning to invest around $500 million.
