VinFast to Invest $500M to Expand Thoothukudi Plant, Add Electric Buses and Two-Wheelers.

Vietnamese automaker VinFast will invest $500 million in Thoothukudi as part of the second phase of its $2 billion investment commitment in India. The company said the funds will be used to set up dedicated workshops and new production lines for electric buses and e-scooters, covering manufacturing, assembly, testing, and related operations.

To support this expansion, the Tamil Nadu government will allocate 500 acres of additional land adjacent to VinFast’s existing Thoothukudi plant. The added space will enable the company to broaden its portfolio beyond electric cars to include e-buses, e-scooters, and charging infrastructure.

The land allocation was formalised through a Memorandum of Understanding (MoU) signed in Hanoi on Thursday between VinFast and the Tamil Nadu government. The land, located within the SIPCOT Industrial Park, will be used to scale up operations at the company’s current facility.