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VinFast Auto India has signed a Memorandum of Understanding (MoU) with HDFC Bank to provide auto and inventory financing for its exclusive dealer network. This is the company’s first tie-up with a banking institution in India and comes ahead of its much-anticipated market debut.
Under the partnership, VinFast will leverage HDFC Bank’s extensive nationwide branch network and digital platforms to offer credit solutions to customers and dealers in both metropolitan and emerging markets. This move supports the company’s strategy to promote the adoption of sustainable mobility solutions in one of the world’s fastest-growing EV markets.
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.
“This agreement marks a significant step towards making electric mobility more inclusive, convenient, and future-ready for Indian consumers,” said Chau. Arvind Vohra, Group Head – Retail Assets at HDFC Bank, added, “Financing will play a critical role in accelerating EV adoption, and this MoU will enable customers to access VinFast’s product range through flexible financing options.”
VinFast is preparing to launch its VF 6 and VF 7 models in India as part of its plan to build a strong, customer-centric presence in the country.
