VinFast's entry into the Indian market comes as the company eyes the opportunity to establish itself in the world's third-largest vehicle market. VinFast has also unveiled its latest electric models at CES 2024, showcasing the VF  NYSE VFC  Wild, a mid-size pickup truck, and the VF 3, a mini-sized eSUV. In addition, VinFast enters India with a big investment. VinFast Enters IndiaIn a strategic move to tap into the burgeoning electric vehicle  EV  market in India, Vietnam's VinFast Auto  NASDAQ VFS  has announced its plans to build its first EV facilities in the southern state of Tamil Nadu  NS TNNP .
VinFast, a Vietnamese automaker, plans to establish its first EV facilities in Tamil Nadu, India, to tap into the growing EV market in the world's third-largest vehicle market. The company also unveiled its latest electric models, the VF Wild pickup truck and the VF 3 eSUV, at CES 2024.