Vingroup Expands into India: Plans for Smart Cities, Real Estate, and Green Energy
Vietnamese conglomerate Vingroup JSC is set to enter multiple business sectors in India, including real estate, hospitality, and green energy. The group's automobile company, VinFast, has already made a splash with the launch of two electric SUVs in the Indian market.
VingroupVinfastReal EstateGreen EnergyIndiaReal EstateSep 06, 2025
“We have come here not just to sell cars. We come here to give you everything. Behind Vinfast, there is Vingroup and Vingroup wants to bring the whole ecosystem to India. Even if we don’t sell the 50,000 cars, it's no issue for us. We want to be here for the long run,” VinFast Asia CEO Pham Sanh Chau stated.
Chau further revealed that Vingroup plans to build a 2,000-acre smart city in India. The group is currently in talks with the state governments of Andhra Pradesh, Telangana, and Tamil Nadu to make this vision a reality.
“We have been having discussions with CM Naidu of Andhra Pradesh. We want to meet him again. We are also in discussion with the Telangana government. We are also in talks with CM Stalin of Tamil Nadu,” Chau said. He emphasized the importance of government policies and necessary clearances to keep pace with the business.
Investing capital is not an issue for the group, as Vingroup is the largest conglomerate in Vietnam, akin to the combination of Tata, Reliance, and Infosys in India. The group operates 47 luxury resorts and is now looking to enter the hospitality segment in India.
Vingroup is a major Vietnamese conglomerate operating in Technology & Industry (VinFast, VinTech), Real Estate (Vinhomes, VinPearl), and Services (VinMec healthcare, VinSchool, VinUniversity). Founded by Pham Nhat Vuong, the company has expanded from real estate into technology, automotive (VinFast), retail, hospitality, and other segments.
In the automotive market, VinFast is working on e-buses and electric two-wheelers. “We are working on e-buses, two-wheelers... we are working with different states to get the orders and we are in the process of converting them from left-hand drive to right-hand drive,” Chau added.
On Saturday, the company introduced the VF 6 and VF 7 at an introductory price of Rs 16.49 lakh and Rs 20.89 lakh, respectively. VinFast has high hopes from the Indian market and is in the process of spending $500 million on its Tamil Nadu plant. This investment is part of a larger $2 billion commitment to India. The Tamil Nadu facility has an initial production capacity of 50,000 EVs annually, which will be increased to 150,000 units in the second phase and 300,000 over the long term.
Vingroup's ambitious plans in India reflect its commitment to sustainable development and technological innovation, positioning it as a key player in the country's growing economy.
Frequently Asked Questions
What sectors is Vingroup planning to enter in India?
Vingroup is planning to enter multiple sectors in India, including real estate, hospitality, and green energy.
What is VinFast's initial investment in India?
VinFast is initially investing $500 million in its Tamil Nadu plant, which is part of a larger $2 billion commitment to India.
What are the models of electric SUVs launched by VinFast in India?
VinFast launched the VF 6 and VF 7 electric SUVs in India, priced at Rs 16.49 lakh and Rs 20.89 lakh, respectively.
Which state governments is Vingroup in talks with to build a smart city?
Vingroup is in talks with the state governments of Andhra Pradesh, Telangana, and Tamil Nadu to build a 2,000-acre smart city in India.
What is the production capacity of VinFast's Tamil Nadu plant?
The initial production capacity of VinFast's Tamil Nadu plant is 50,000 EVs annually, with plans to increase it to 150,000 units in the second phase and 300,000 over the long term.
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