Vingroup Signs $3 Billion Investment Deal with Telangana for EV and Battery Manufacturing

Greaves Electric Mobility

Vietnam’s Vingroup to Build Integrated EV Manufacturing Hub in Telangana

Vietnam-based Vingroup has entered into a major investment agreement with the Telangana government to establish an integrated electric vehicle and battery manufacturing ecosystem in the state. The $3 billion investment marks one of the largest commitments by a global mobility player to India’s clean energy and EV sector. Under the agreement, Vingroup will set up facilities for EV production, cell manufacturing, energy storage systems, and advanced engineering capabilities.

Strengthening India’s Battery and EV Supply Chain

According to Telangana officials, the multi-billion-dollar investment will play a crucial role in strengthening India’s localisation efforts for battery technology, EV components, and manufacturing capacity. The planned ecosystem includes giga-scale battery production, energy storage solutions, and research and development units to support long-term innovation. This aligns with India’s broader ambition to reduce import dependency and scale domestic manufacturing for both the domestic market and exports.

Boost to Employment and Regional Industrial Growth

The government highlighted that the upcoming complex will generate significant employment opportunities across manufacturing, engineering, and skilled technical roles. The project also reinforces Telangana’s strategy of positioning itself as a preferred destination for global clean mobility investments. With supportive policies and rapid infrastructure expansion, the state is aiming to build a competitive EV cluster capable of attracting OEMs, suppliers, and technology companies.

ELECTRIFYING INDIA’S LAST MILE