Open to full-fledged production in India

VIETNAMESE EV MAKER VinFast aims to turn its $2-billion manufacturing plant in Tuticorin, Tamil Nadu, to a full-fledged manufacturing setup.

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VinFast Asia CEO Pham Sanh Chau tells Narayanan V, during an interaction with the press, that the decision to scale up the facility will be based on volumes.

Plans to upgrade to full-fledged manufacturing: Of course, we have plans to upgrade the facility. At the end of the day, if you want to bring down the cost and be a champion in the Indian market, we need to shift to a full-fledged manufacturing setup.

At this stage, we have only the body shop, paint shop, and assembly line—so it's somewhere between CKD and local manufacturing. Full local manufacturing will happen only when we bring in the stamping shop. But that requires a huge investment, because stamping parts and welding them locally is capital-intensive. So, we will take that decision based on volume.