VinFast Auto India, a subsidiary of global electric vehicle (EV) brand VinFast, has signed a memorandum of understanding (MoU) with HDFC Bank, an Indian private bank, to provide auto and inventory financing for its exclusive dealer network.
VinFast said in a statement on Monday that the partnership aims to offer a seamless suite of credit solutions ahead of the company’s highly anticipated launch.
Under the agreement, customers will enjoy tailored financing solutions across VinFast’s entire product portfolio.
The collaboration allows VinFast to leverage HDFC Bank’s extensive pan-India branch network and digital platforms to reach customers across urban and emerging markets alike.
It also aligns with the company’s broader goal of accelerating the adoption of sustainable transportation solutions in India, one of the fastest-growing EV markets globally.
“This MoU marks a significant milestone in our efforts to make electric mobility more inclusive, convenient, and future-ready for Indian consumers,
“Partnering with a trusted banking institution like HDFC Bank ensures that we are not only delivering exceptional products and services, but also building the financial ecosystem necessary to support our customers and dealer partners at every step of the journey,” said Pham Sanh Chau, Chief Executive Officer of VinFast Asia.
Meanwhile, Arvind Vohra, Group Head – Retail Assets, HDFC Bank, said as EV adoption accelerates, access to financing will be key to driving this transition.
“Our collaboration with VinFast will provide customers with convenient credit options for its premium EV lineup and reflects the bank’s broader commitment to helping customers achieve their green aspirations with ease，” he added.
As VinFast gears up for the launch of its VF 6 and VF 7 models, this partnership highlights the company’s ongoing efforts to establish a strong and customer-focused footprint in India, said the statement.