Vingroup Announces Massive EV Drive with 60,000 Vehicles in Maharashtra Investment Plan.

Vietnam’s Vingroup has signed a memorandum of understanding (MoU) with the Government of Maharashtra to explore investments worth $6.5 billion across urban infrastructure, electric mobility, and renewable energy, signaling a deeper push into India’s high-growth markets.

The proposed plan includes an investment of $5 billion to develop integrated townships across approximately 1,000 hectares in and around Mumbai. In parallel, the group is considering a $1.5 billion allocation to deploy up to 60,000 electric vehicles through a mobility-as-a-service platform, aimed at accelerating the adoption of clean transportation.

In addition to real estate and mobility, Vingroup will assess opportunities in renewable energy as well as social infrastructure projects spanning education, healthcare, and transport sectors.

“This marks a step in our long-term strategy to build an integrated ecosystem spanning urban development, mobility, and green energy in India,” said Pham Sanh Chau.