Vietnam’s VinFast began production at a $500 million electric vehicle plant in southern India’s Tamil Nadu state on Monday, part of a planned $2 billion investment in India and a broader expansion across Asia.

VinFast enters India with new EV assembly plant, showcasing ambition, speed, and commitment to localisation in the market.

Vietnamese electric vehicle maker VinFast Auto Ltd. sees its new India factory as key to entering South Asia, the Middle East and Africa, Asia Chief Executive Officer Pham Sanh Chau said, as it begins a $500 million push to crack the world’s third-biggest car market.