VINFAST STRENGTHENS INDIA LEADERSHIP WITH KEY APPOINTMENT

Vietnamese electric vehicle manufacturer VinFast, part of Vingroup, has appointed Vineet Srivastava as Deputy CEO for its e-scooter business in India. The move comes as the company prepares to introduce electric two-wheelers later this year, signalling its intent to accelerate expansion in the country’s fast-growing EV market.

VinFast, the Vietnamese electric vehicle company backed by Vingroup, is intensifying its India strategy by bolstering its leadership team ahead of a crucial product launch. The company, which has already announced plans to expand its footprint in India, is preparing to introduce electric two-wheelers later this year. In a significant step towards this goal, VinFast India has appointed Vineet Srivastava as Deputy CEO for its e-scooter business.  

Srivastava, a seasoned sales strategist, brings with him over 15 years of experience from Honda Motorcycle & Scooter India Pvt. Ltd., where he played a pivotal role in shaping the company’s sales and distribution framework. At Honda, he led enterprise-wide verticals including Sales Strategy & Planning, Institutional Sales and Retail Finance, establishing himself as a key figure in the company’s growth trajectory.  

His tenure at Honda was marked by notable achievements, including the onboarding of 894 Authorised Secondary Networks, which significantly expanded the company’s retail presence across India. He also mobilised over INR 2.7 billion in funding, strengthening Honda’s financial ecosystem and enabling greater accessibility for customers. These accomplishments underline his ability to drive scale and innovation in a highly competitive market.  

VinFast’s decision to bring Srivastava on board reflects its ambition to replicate similar success in India’s burgeoning electric mobility sector. The company is positioning itself to compete in the two-wheeler segment, which represents one of the largest opportunities for electrification in the country. With rising fuel costs, government incentives, and growing consumer interest in sustainable transport, electric scooters are increasingly seen as a practical and eco-friendly alternative for urban commuters.  

By strengthening its leadership team with experienced industry professionals, VinFast aims to ensure that its India operations are not only strategically aligned but also capable of delivering rapid growth. Srivastava’s expertise in building networks and driving financial solutions is expected to play a crucial role in establishing VinFast’s e-scooter business as a credible challenger to established players.  

The appointment also signals VinFast’s long-term commitment to India, a market it views as central to its global expansion plans. As the company prepares to roll out its electric two-wheelers, industry observers will be watching closely to see how its strategy unfolds and whether it can carve out a meaningful share in a segment dominated by domestic giants.