Vinfast India partners with HDFC Bank to offer extensive electric vehicle financing options
VinFast Auto India, a subsidiary of the global EV brand VinFast, has signed a Memorandum of Understanding (MoU) with HDFC Bank, one of India's leading private sector banks, on August 11, 2025. This partnership marks VinFast’s first with a banking institution in India and aims to facilitate financing ahead of VinFast’s market launch with its VF6 and VF7 electric vehicle models.
Under the agreement, customers of VinFast Auto India will have access to tailored financing solutions, including attractive interest rates, flexible repayment options, 100% on-road funding, exclusive offers, and priority services applicable across VinFast’s entire product portfolio. Dedicated HDFC Bank representatives will be available at all VinFast showrooms to provide on-site support, making EV ownership more accessible and convenient for a wider range of Indian consumers.
For VinFast’s dealers, the MoU is expected to facilitate smooth financing, supporting the growth of the company's exclusive dealer network in India. The partnership aligns with VinFast’s 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 at HDFC Bank. The signing ceremony was attended by both parties, with VinFast’s CEO emphasizing the MoU as a milestone in building a financial ecosystem to support customers and dealer partners. HDFC Bank highlighted financing’s critical role in increasing EV adoption in India.
This collaboration between VinFast and HDFC Bank leverages HDFC Bank's extensive pan-India branch network and digital platforms to reach customers across urban and emerging markets. The partnership is significant for the EV market in India, as it aims to offer a seamless suite of credit solutions ahead of VinFast's highly anticipated launch.
The partnership between VinFast and HDFC Bank is expected to make EV ownership more accessible and convenient for a wider range of Indian consumers, facilitating the growth of India's EV market.
[1] VinFast Auto India and HDFC Bank Partner to Boost Electric Vehicle Adoption in India. (2025, August 11). Retrieved from https://www.vinfast.com/news/vinfast-auto-india-and-hdfc-bank-partner-to-boost-electric-vehicle-adoption-in-india [2] VinFast and HDFC Bank Sign MoU for Auto and Inventory Financing. (2025, August 11). Retrieved from https://www.hdfcbank.com/newsroom/press-releases/vinfast-and-hdfc-bank-sign-mou-for-auto-and-inventory-financing [3] VinFast and HDFC Bank Collaborate to Offer Financing Solutions for EV Market in India. (2025, August 11). Retrieved from https://www.evreporter.in/news/vinfast-and-hdfc-bank-collaborate-to-offer-financing-solutions-for-ev-market-in-india [4] VinFast and HDFC Bank Partner to Simplify EV Ownership in India. (2025, August 11). Retrieved from https://www.thehindubusinessline.com/auto/2025/08/11/vinfast-and-hdfc-bank-partner-to-simplify-ev-ownership-in-india [5] VinFast and HDFC Bank Partner to Accelerate EV Adoption in India. (2025, August 11). Retrieved from https://www.moneycontrol.com/news/business/vinfast-and-hdfc-bank-partner-to-accelerate-ev-adoption-in-india-7412251.html
- The partnership between VinFast Auto India and HDFC Bank, one of India's leading private sector banks, aims to boost electric vehicle (EV) adoption in India.
- The agreement between the two entities will offer tailored financing solutions to VinFast customers, including attractive interest rates, flexible repayment options, and priority services.
- This collaboration is significant for the EV market in India, as it aims to offer a seamless suite of credit solutions, leveraging HDFC Bank's extensive pan-India branch network and digital platforms.
- The partnership aligns with VinFast's goal of accelerating the adoption of sustainable transportation solutions in India, one of the fastest-growing EV markets globally, and underscores the critical role of finance and technology in this transition.
