Vietnamese electric vehicle (EV) manufacturer, VinFast, has initiated a recruitment campaign in India, signaling its intent to expand operations into the country. The company, which recently faced a decline in its market value following its USD 85 billion Wall Street debut, is actively seeking individuals who embrace challenges and innovation.
Expanding Global Presence
VinFast had announced its plan to enter various international markets, including India, without specifying a timeline or further details. The recent LinkedIn advertisement by VinFast showcases the company’s pursuit of candidates for positions spanning sales, legal, back office, and more within India.
The company aims to establish its presence in Gurugram, a satellite city on the outskirts of New Delhi, and is soliciting applications for various roles across the automotive sector. The LinkedIn job posting indicated VinFast’s search for dealer managers, sales training managers, service quality control personnel, as well as professionals in legal, finance, and human resources.
Qualities Sought in Candidates
VinFast’s recruitment drive emphasizes candidates with a minimum of three years of relevant experience and distinctive personal qualities such as audacity and resilience. The company assures competitive compensation for prospective employees.
Official Information Forthcoming
While VinFast is actively exploring the Indian market, the company stated that it would release “official information” regarding its Indian operations in the coming weeks. This move comes as VinFast competes with renowned EV manufacturer Tesla.
Competition in the Burgeoning Indian EV Market
If VinFast successfully enters the Indian market, it will face competition in a rapidly growing but still emerging segment, dominated by local giant Tata Motors. Additionally, Tesla is actively considering its presence in India and is in discussions with the Indian government regarding the establishment of a manufacturing facility.
India’s Aspirations for Electric Mobility
Electric vehicles currently constitute only about 2% of total car sales in India. However, the Indian government aims to bolster this share to 30% by 2030. To attract EV manufacturers, India is developing a new incentive scheme offering reduced import taxes in exchange for investments in local manufacturing.
Expanding Beyond India
VinFast’s international expansion is not limited to India, as the company has disclosed plans to invest $1.2 billion in Indonesia to facilitate car sales and construct a manufacturing plant.
VinFast’s commitment to expanding into India reflects its ambition to participate in the country’s burgeoning electric vehicle market amid the broader global shift towards sustainable transportation solutions.