Vietnam’s Vingroup has signed a landmark MoU with the Government of Maharashtra to explore investments worth $6.5 billion, reinforcing its long-term commitment to India’s growth story. The proposed investments will span urban development, electric mobility, renewable energy, and social infrastructure across the Mumbai Metropolitan Region and beyond.
At the core of the plan is the creation of integrated townships spread over nearly 1,000 hectares, designed as complete ecosystems where people can live, work, learn, and access healthcare within a single, well-connected environment. Complementing this is a large-scale electric mobility push, with plans to deploy up to 60,000 EVs, signalling a decisive shift towards cleaner, future-ready transport.
Led by Pham Sanh Chau, the company is steadily expanding its footprint across India’s key economic hubs. Chief Minister Devendra Fadnavis noted that the partnership could catalyse infrastructure growth, generate employment, and strengthen Maharashtra’s position as a preferred global investment destination.
