Vietnamese electric vehicle maker VinFast has partnered with Axis Bank to provide financing solutions for its upcoming range of electric vehicles in India. The collaboration comes ahead of VinFast’s highly anticipated launch of its made-in-India premium electric SUVs, VF 6 and VF 7.
Under the partnership, Axis Bank will offer tailored financing options to both retail customers and dealers, aiming to make electric vehicle ownership more accessible. The bank will extend competitive loan schemes for EV purchases, along with working capital support for VinFast’s dealer network across the country.
VinFast, which recently announced its debut in the Indian market, is set to start local production of its electric SUVs at its manufacturing facility in Tamil Nadu. The company is positioning itself to compete in India’s growing EV segment by offering advanced technology and premium features at competitive prices.
According to the company, the financing partnership will play a crucial role in accelerating EV adoption by easing upfront costs for buyers. This move aligns with the Indian government’s broader push for sustainable mobility and its target to increase the share of electric vehicles on the road in the coming years.
VinFast plans to roll out its VF 6 and VF 7 SUVs in the coming months, backed by a growing retail and service network. The company also aims to introduce additional models and expand its portfolio in line with market demand.
With Axis Bank’s support, VinFast expects to build a strong foundation for its India operations while providing customers with convenient and affordable financing options. This marks a significant step in the company’s strategy to establish itself as a key player in India’s evolving EV landscape.
