VinFast, the Vietnamese electric vehicle (EV) manufacturer, is expanding its operations and has begun hiring in India. The company, founded and controlled by Pham Nhat Vuong, the richest person in Vietnam, plans to establish itself in several countries, including India.
VinFast is looking for candidates to fill various positions in sales, legal, and administration in Gurugram, a satellite city near New Delhi. The company is valued at nearly $39 billion and aims to fill these positions to strengthen its presence in the Indian market.
If VinFast enters India, it will compete with prominent manufacturers such as Tata Motors and Tesla, who are also seeking to establish a foothold in the Indian electric vehicle market. Currently, electric vehicles account for only about 2% of total car sales in India, but the government aims to increase this figure to 30% by 2030.
To attract electric vehicle manufacturers, the Indian government is considering a scheme that offers lower import taxes in exchange for investments in local manufacturing.
VinFast’s expansion into India and other countries signifies its ambition to become a global player in the electric vehicle industry. With its bold and innovative approach, VinFast aims to contribute to the growth of the electric vehicle market and accelerate the transition to sustainable mobility.
Sources:
– Reuters.