Vietnamese electric vehicle (EV) maker VinFast has begun hiring in India, seeking recruits who “dare to think, dare to do, and dare to face difficulties,” according to a LinkedIn ad.
The loss-making startup, whose market value has roughly halved since its blowout $85 billion Wall Street debut last month, said earlier this week it planned to set up in several countries including India, but gave no timing or details.
The LinkedIn post shows it is seeking to fill sales, legal and back office jobs in India, among others.
Formed and almost entirely controlled by Pham Nhat Vuong, Vietnam’s richest person and founder of parent conglomerate Vingroup, VinFast is currently valued at close to $39 billion.
It is looking for people to join the company’s office in Gurugram, a satellite city on the outskirts of the Indian capital New Delhi, “for multiple roles across all areas of automotive business”, the LinkedIn job ad said.
Asked about the ad, VinFast said it was researching the market and would provide “official information” in a couple of weeks.
The ad said the company, which competes with Tesla, was looking to hire dealer managers, sales training managers and service quality control personnel. It wants people for legal, finance and human resource work too.
“Suitable candidates need to have at least three years of experience … along with daring personal traits: dare to think, dare to do, and dare to face difficulties,” it said, adding that jobs would come with “attractive compensation”.
If VinFast enters India, the world’s third-largest car market, it will compete in a nascent but fast-growing segment currently dominated by domestic heavyweight Tata Motors. Tesla is also eyeing India, and is in talks with New Delhi about setting up a factory.
Electric models accounted for just around 2% of total car sales in India last year, but the government wants this to reach 30% by 2030. It is working on a new scheme to attract EV makers by offering them lower import taxes in return for investment in local manufacturing, Reuters reported last month.
In a U.S. regulatory filing earlier this week, VinFast said it planned to invest $1.2 billion in Indonesia to sell cars and build a factory there.