Vingroup in talks with Andhra, Telangana to widen presence

VINFAST, THE ELECTRIC VEHICLE UNIT OF VINGROUP, PLANS TO LAUNCH ITS VF7 AND VF6 MODELS IN INDIA BEFORE THE FESTIVAL SEASON

- Press trust of India

HAI PHONG (VIETNAM): Vietnam's Vingroup, which is setting up a $2 billion plant in Tamil Nadu's Thoothukudi, is also in discussions with Andhra Pradesh and Telangana governments to expand its operations in India.

VinFast, the electric vehicle (EV) unit of Vingroup, plans to launch its VF7 and VF6 models in India before the festival season.

"We visited several states and inspected multiple locations...before finally zeroing in on Thoothukudi in Tamil Nadu because of the logistical advantages it offers...with a port and airport nearby," VinFast Asia CEO Pham Sanh Chau said.

The launch of the VF7 and VF6—likely before the festival season this year—will mark the entry of Vingroup, one of the leading conglomerates of Vietnam, into the Indian market.