VinFast’s $2 bn Tamil Nadu EV plant misses out on lucrative incentive scheme, must invest Rs 4,150 cr more to qualify

VinFast's massive investment in Tamil Nadu faces a hurdle. The electric vehicle manufacturer's current investment will not qualify for government scheme benefits. To be eligible, VinFast needs to make a fresh investment. The company is planning to launch its VF7 and VF6 models in India soon. VinFast aims to export EVs to the Middle East and Africa.