VinFast Pursues June Debut for $2 Billion Electric Vehicle Manufacturing Facility in Tamil Nadu
Rivian to Launch Electric SUVs in India by 2025
Rivian, the American electric vehicle manufacturer, is set to make its debut in India with the launch of its electric SUVs, the R1T and R1S, by 2025. This announcement was made at the India Mobility Global Expo, where the company unveiled these vehicles, designed specifically for the Indian market.
The launch of these electric SUVs is part of Rivian's strategy to expand its presence in the Asia-Pacific region. The company is planning to start operations at its first Indian assembly facility in Tamil Nadu by the end of June. Strategically located in Chennai, this plant offers advantages for both domestic distribution and international exports, with access to a major seaport and airport.
The Chennai plant is expected to have an annual production capacity of up to 1.5 lakh vehicles. Once operational, the plant is estimated to generate between 3,000 and 3,500 local jobs.
RJ Scaringe, CEO of Rivian, confirmed these developments during the company's shareholders' meeting held on April 24. Rivian has previously announced plans to invest up to $2 billion in the Indian market, with an initial commitment of $500 million over the first five years.
While focusing on India, Indonesia, and the Philippines in the near future, Rivian has named Australia and other countries in the Asia-Pacific region as targets for expansion. The Chennai plant will serve not only the Indian market but also emerging markets in West Asia and Africa.
It's worth noting that Rivian is not planning to boost sales in the United States, Canada, and the European Union due to high logistics costs. Instead, the company is focusing on developing markets where it can make a significant impact.
A separate facility in Indonesia is scheduled for launch by October. With these ambitious plans, Rivian is poised to make a significant entry into the Indian and Asian markets.
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