Stalin inaugurates VinFast’s first EV manufacturing facility in India, set to create over 3,500 jobs:

On Monday, Tamil Nadu Chief Minister M.K. Stalin officially inaugurated Vietnamese electric vehicle manufacturer VinFast’s first production facility in India, located in Thoothukudi district. Spread across 408 acres within the SIPCOT industrial complex at Sillanatham, the plant is part of a ₹16,000-crore investment agreement signed between VinFast and the Tamil Nadu government during the Global Investors Meet 2024. The plant is expected to generate more than 3,500 employment opportunities over the next five years. Initially, it will produce 50,000 vehicles annually, with the capacity to scale up to 1,50,000 units to meet rising market demand. Stalin highlighted that the facility was completed in a record 17 months after the MoU was signed, underscoring Tamil Nadu’s strong business-friendly environment and its status as a leading manufacturing hub—pointing out that 40% of India’s electric vehicles are produced in the state.