Vinfast India partners with HDFC Bank

VinFast Auto India, a subsidiary of global EV brand VinFast, has signed a Memorandum of Understanding (MoU) with HDFC Bank, one of India’s leading private sector banks, to provide auto and inventory financing for its exclusive dealer network. The partnership, VinFast’s first with a banking institution in India, aims to offer a seamless suite of credit solutions ahead of the company’s highly anticipated launch.

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.

The MoU was signed by Pham Sanh Chau, CEO of VinFast Asia, and Akhilesh Kumar Roy, Business Head – Auto Loans, Inventory Finance, and Two-Wheeler Loans, HDFC Bank.

Pham Sanh Chaushared:“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.”

Speaking on the development, Arvind Vohra, Group Head – Retail Assets, HDFC Bank noted, EV adoption is increasing and financing will play a large role in driving this. The MoU with VinFast is a step in this direction and will enable customers access VinFast’s well known product line through financing options. This is part of the Bank’s larger effort to support customers in meeting their aspirations in a convenient way.”

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.