The company will make batteries for EVs at the plant in the city of Thoothukudi, one of the people said, adding that this was separate from its previously announced plans to assemble vehicles shipped in parts from Vietnam.
VinFast, which competes with carmakers such as Tesla and China's BYD, declined to comment. An announcement by the company on the new plant is expected in the coming days, two people said.
Bu hikaye Mint Mumbai dergisinin January 04, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye Mint Mumbai dergisinin January 04, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
Will routine investors in Indian stocks keep calm and carry on?
It's unclear how long equities can count on SIP-mutual-fund support if prices continue to weaken
Let corporate earnings lead the Indian market
How much further will our investor-population boom go? While retail demand for shares might have space for growth, let's not forget these assets are only as good as their earnings
BUCKET STRATEGY: A ROAD MAP TO FUND YOUR SUNSET YEARS
Circumstances change, so your strategy should adapt to align with risks and financial goals
Finding the best retirement strategy: MFs or NPS Tier-2?
Tata Pension Fund CEO Kurian Jose explains what makes NPS Tier-2 an attractive option
CYBERCRIME: WHEN THE 'CBI' AND 'ED' CALL YOU...
Social engineering scamsters have weaponized fear of the CBI, ED, police and Trai to defraud victims
Deliver food with 45 days' shelf life: FSSAI
Amid rising consumer complaints, Food Safety & Standards Authority of India (FSSAI) on Tuesday directed e-commerce players selling food items on their platforms to ensure a minimum shelf life of 30% or 45 days before expiry, at the time of delivery to customers.
Zydus Life reports strong Q2 growth
Zydus Lifesciences Ltd announced strong double-digit growth in line with estimates, on the back of sustained growth across its key businesses, in its consolidated financial results for the September quarter on Tuesday.
Mondelez FY24 net profit up 72%
Confectionery major Mondelez India Foods Pvt. Ltd posted a 71.85% increase in profit to ₹2,020.87 crore in FY24, according to the RoC filing from the beverages major.
DBS's next India CEO is Rajat Verma
DBS's India unit has nominated its head of institutional banking, Rajat Verma, to be the bank's new chief executive officer, two people familiar with the matter said.
Air India Express to reconfigure planes
Air India Express plans to start reconfiguration of planes having business class seats from April 2025, as the airline focuses on operating narrow-body planes with only economy class seats, according to a senior official.
