Vinfast in talks with Adani Group and Megha Engineering

Vietnamese electric vehicle manufacturer VinFast is in separate talks with Hyderabad-based Megha Engineering & Infrastructures (MEIL) and the Adani Group for a collaboration.

According to news reports VinFast, which is building a factory in Tamil Nadu, had started talking to the two businesses in an attempt to secure investments from a local partner, which. Additionally, local partner will help with labor relations, regulatory compliance, and building a reliable and affordable network of component suppliers.

Megha Engineering had tried to establish a joint venture for automobiles with BYD, with intended investment of $1 billion in India, but the government did not allow it.

VinFast will display its automobiles at the Bharat Mobility Expo early in the next year and intends to begin producing electric vehicles from its Tamil Nadu factory in 2025. The new EV policy of India offers import tax reductions on automobiles spending $500 million on production facility in India.