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Vinfast TN investment won't qualify for benefits under scheme to promote manufacturing of EVs: Official

  • VinFast's TN investment won't qualify for benefits under the scheme to promote manufacturing of EVs as it was capitalized before approval.
  • The application window for the scheme will open for 120 days in a couple of weeks.
  • VinFast, Mercedes, Skoda Auto, Hyundai, and Kia show interest in participating in the electric vehicle incentive scheme in India.
  • VinFast plans to set up a $2 billion electric vehicle plant in Tamil Nadu, eyeing a launch in India before the festival season with targets to export to the Middle East and Africa.

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