Vinfast India partners with Yes Bank for EV financing solutions

VinFast Auto India, a subsidiary of the global EV brand VinFast, has signed a Memorandum of Understanding (MoU) with Yes Bank, India's sixth-largest private sector bank, to provide retail and inventory financing for its exclusive dealer network.

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% on-road funding, exclusive offers, and priority services—applicable across VinFast’s entire product portfolio. Yes Bank representatives will be available at all VinFast showrooms to provide on-site support, making EV ownership more accessible and convenient for Indian consumers.

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 MoU was signed by Pham Sanh Chau, CEO of VinFast Asia, along with Sumit BaliCountry Head Retail Assets and Debt Management, Yes Bank, and Amit Labroo Business Head Wheels and Rural Banking, at Yes Bank.

VinFast 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.