VinFast Auto India, a subsidiary of the Vietnam-based electric vehicle (EV) brand VinFast, has signed a memorandum of understanding (MOU) with Yes Bank, Indias sixth-largest private sector bank, to provide retail and inventory financing for its exclusive dealer network.

VinFast said in a statement on Tuesday that under the dealer finance tie-up, Yes Bank will extend financing to VinFast dealers on favorable terms.

The retail finance agreement will also offer a wide range of customer benefits, including attractive interest rates, flexible repayment options, 100 percent on-road funding, exclusive offers, and priority services—applicable across VinFast’s entire product portfolio.

The collaboration enables VinFast to leverage Yes Bank’s extensive pan-India branch network and digital platforms to reach customers across both urban and emerging markets.

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.

“The shift to electric mobility succeeds when customers and dealers have the right tools and support. Our partnership with Yes Bank is a step towards building that ecosystem, providing hassle free financing solutions that make it easier for dealers to manage inventory and for customers to access our EVs,

“By working together, we are ensuring a smoother ownership experience and making EV adoption more reassuring for our customers, while advancing India’s path toward greener transportation,” said Pham Sanh Chau, Chief Executive Officer of VinFast Asia.

Sumit Bali, Country Head Retail Assets and Debt Management, Yes Bank, said as EV adoption accelerates, access to financing will play a vital role in driving this transition.

“Our collaboration with VinFast will offer customers convenient credit solutions tailored to its premium EV lineup, reflecting the Bank’s broader commitment to sustainability,

“Such partnerships also help us empower our customers to achieve their green mobility aspirations with ease,” he added.

VinFast has recently launched its premium VF 6 and VF 7 models in India and this partnership highlights the company’s ongoing efforts to establish a strong and customer-focused footprint in the country.

The brand has also recently inaugurated its EV assembly plant in Tamil Nadu, marking a significant milestone in its long-term growth strategy.

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