The "investor of the year" award was presented on 31/1 at the Business Star Awards, organized by Nanayam Vikatan business magazine. This award acknowledges VinFast's large-scale investment strategy in India, centered on its electric vehicle manufacturing complex project in Thoothukudi city, Tamil Nadu state.
According to the organizers, the project received high praise for its clear implementation capabilities, strategic vision, and confidence in India's manufacturing potential. This investment contributes to establishing a new industrial corridor, creating jobs, and fostering the development of a supplier ecosystem in the southern Tamil Nadu region. This aligns with the "Make in India" initiative and sustainable development goals.
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Pham Sanh Chau, CEO of VinFast Asia (right), receives the "investor of the year" award from the Nanayam Vikatan Business Star Awards organizing committee in Chennai, India. Photo: VinFast |
Concurrently, at the annual event hosted by Motor Vikatan automobile magazine, the VF 7 model was named "urban electric vehicle of the year". This award reflects positive appraisal from experts for the electric SUV developed by VinFast, which is well-suited for urban traffic conditions in India. The vehicle is recognized for its balance of design, performance, safety standards, and comfort, demonstrating the company's product capabilities and localization strategy for this market.
Both Nanayam Vikatan and Motor Vikatan are part of Vikatan Group, a leading magazine ecosystem in South India established in 1926. Vikatan Group holds a strong reputation, a long history, and a large readership, with its awards considered influential benchmarks for the business community, investors, and consumers in the region.
Pham Sanh Chau, general director of VinFast Asia, stated that receiving recognition in both categories demonstrates the company's efforts to establish its position in India through long-term investment commitments and products tailored to local needs. According to him, this recognition further motivates the company to expand its electric vehicle ecosystem and maintain a long-term presence in the market.
Before receiving these awards from Vikatan Group, the company had been honored multiple times in the Indian market, reflecting its long-term investment strategy, manufacturing capabilities, and electrified product portfolio. VinFast has now been present in India for one year, progressively establishing its footprint in the country's electric vehicle market through a sustainable development approach.
The company implements a comprehensive strategy covering manufacturing, distribution, charging infrastructure development, and after-sales services. Through its innovative and user-centric approach, VinFast contributes to the transition to green mobility, aiming to support the growth of India's automobile industry.
B. Srinivasan, general director of Vikatan Group, commended VinFast as a representative of a new generation of investors with a long-term vision and clear implementation speed. "The project in Thoothukudi is not just an investment; it also contributes to restoring this region's role in India's electric vehicle manufacturing map," B. Srinivasan said.
VinFast (VFS), a subsidiary of Vingroup JSC, one of Vietnam's largest conglomerates, is a pure-electric vehicle (EV) manufacturer aiming to make EVs more accessible to everyone. VinFast's product portfolio includes a diverse range of electric SUVs, electric motorcycles, electric bicycles, and electric buses. The company is currently expanding its global distribution and dealership network, enhancing manufacturing capabilities, and focusing on key markets in North America, Europe, the Middle East, and Asia.
Hoang Dan
Learn more at: https://vinfastauto.in/
