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. 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 capitalize on the country's growing EV market, which is the world's third-largest.