Vingroup and Maharashtra signed an MOU to explore USD 6.5 billion investments across urban townships, electric mobility, renewable energy, and social infrastructure.
The urban township plan covers ~1,000 ha with a USD 5 billion investment, creating new growth centers near Mumbai, including the Mumbai 3.0 zone.
Vingroup’s electric mobility arm aims to deploy 60,000 EVs via a USD 1.5 billion project, generating thousands of jobs over 3‑5 years.
Maharashtra officials pledged land, approvals, connectivity and incentives, underscoring the state’s commitment to boost urban infrastructure, sustainable mobility and employment.