Vietnamese conglomerate Vingroup, under VinFast, currently constructing a Rs 165 billion (USD two billion) electric vehicle (EV) manufacturing facility in Thoothukudi, Tamil Nadu, is in active discussions with the governments of Andhra Pradesh and Telangana to expand its presence in India.

The move comes as part of its broader strategy to tap into one of the world’s fastest-growing EV markets. VinFast, the EV division of Vingroup, plans to launch its VF7 and VF6 electric SUV models in India by the end of the year.

“After surveying several states, we chose Thoothukudi due to its excellent logistical advantages, including proximity to the port,” said Pham Sanh Chau, CEO of VinFast Asia and former Vietnamese ambassador to India. VinFast aims to establish a robust dealership network in Tier 2 and Tier 3 cities, where EV adoption is accelerating. Pham Sanh Chau, CEO of VinFast Asia noted the rapid site development over the past 15 months.

Founded in 1993, Vingroup is Vietnam’s largest private-sector conglomerate with operations spanning real estate, healthcare, education, hospitality, and technology. The company has also expanded into Indonesia, the Philippines, and the United States.