Vietnamese automaker VinFast Auto India has signed a Memorandum of Understanding (MoU) with HDFC Bank to introduce auto and inventory financing solutions tailored for its dealer network. This marks VinFast’s first banking collaboration in India.
The partnership, formalized through an MoU, is structured to deliver a seamless array of credit options to both customers and dealerships, thereby easing financial access ahead of the rollout of VinFast’s VF7 and VF6 electric SUVs.
VinFast Asia CEO Pham Sanh Chau described the agreement as a significant milestone in making electric mobility more inclusive, convenient, and future-ready for Indian consumers.
From HDFC Bank’s side, Arvind Vohra, Group Head of Retail Assets, emphasised that financing will play a key role in accelerating EV adoption. He added that enabling convenient access to VinFast’s EV lineup through smart funding options aligns with the bank’s focus on customer aspirations.
This collaboration sets the stage for the much-anticipated launch of the VF7 and VF6 models, which are expected to hit Indian roads before the upcoming festival season. The move is key to VinFast’s market entry strategy, ensuring that both supply-side stakeholders and end users are well-supported.
VinFast’s strategic push in India extends beyond models; it includes building a comprehensive ecosystem from manufacturing and dealerships to financing solutions designed to foster long-term consumer trust and infrastructure readiness.
