VinFast Auto India, a subsidiary of Vietnamese electric vehicle (EV) brand VinFast, has signed a memorandum of understanding (MoU) with ICICI Bank, one of India’s private sector banks, to provide auto and inventory financing for its exclusive dealer network.

VinFast said in a statement on Wednesday that the partnership aims to offer a seamless suite of credit solutions for the company’s recently launched VF6 and VF7 models.

Under the agreement, VinFast’s customers will have access to customized financing solutions, including 100 percent on-road funding, attractive interest rates, flexible repayment options and priority services applicable across the company’s full product range.

This makes EV ownership more accessible and convenient for a wider range of Indian consumers.

The collaboration also allows VinFast to leverage ICICI 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.

“Driving home an electric vehicle should be an exciting and effortless journey, and accessible financing plays a vital role in making that possible,” said Pham Sanh Chau, Chief Executive Officer of VinFast Asia.

“By joining hands with ICICI Bank, we are empowering our customers with flexible and efficient financing options, while also equipping our dealers with the resources they need to scale,

“Our goal is to create value not just at the point of purchase but throughout the entire ownership journey, while advancing a new era of mobility that is clean, convenient, and inclusive,” he added.

Munish Gaur, Product Head – Vehicles, ICICI 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 launches 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.

The company 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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