India, April 24 -- Over a year after announcing setting up of an EV manufacturing facility in Tamil Nadu, Vietnamese EV major VinFast now plans to open it by the end of June.

VinFast's India plant, located in Tamil Nadu, is part of its $2 Bn investment plan, with an initial $500 Mn committed for the first five years and a projected annual capacity of up to 1.5 Lakh vehicles.

The company initially targeted the US market for foreign sales, but faced challenges in the market even before the President Donald Trump-induced tariff uncertainty struck.

As a result, VinFast's founder Pham Nhat Vuong now views better potential in India, Indonesia, and the Philippines than the US, Canada and the EU.

Founded in 2017, VinFast is an EV manufacturer...