VinFast Auto India, the Indian arm of Vietnamese electric vehicle (EV) manufacturer VinFast, has announced its first banking partnership in the country with HDFC Bank. The Memorandum of Understanding (MoU), signed on August 11, 2025, marks a crucial step in VinFast’s strategy to establish a strong foothold in the rapidly growing Indian EV market.
A Strategic Financing Collaboration
Under the agreement, HDFC Bank will provide competitive auto loans for VinFast customers and inventory financing for its dealer network, ensuring a smooth market entry for the company’s upcoming VF 6 and VF 7 electric SUV models.
Key highlights of the partnership include:
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Customer Financing: Attractive auto loan schemes for VinFast buyers, making EV ownership more accessible.
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Dealer Network Support: Inventory financing to empower dealers and accelerate the development of retail and charging infrastructure.
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Pan-India Reach: Leveraging HDFC Bank’s vast branch network and digital platforms to connect with customers across both urban and rural markets.
Leadership Perspectives on the Tie-Up
Pham Sanh Chau, CEO of VinFast Asia, described the MoU as “a significant milestone in our mission to make electric mobility inclusive, convenient, and future-ready for Indian consumers.” He emphasized that partnering with a trusted institution like HDFC Bank strengthens both customer confidence and dealer capabilities.
Arvind Vohra, Group Head – Retail Assets at HDFC Bank, stressed the importance of financing in EV adoption. “This partnership will provide tailored financing solutions, helping more customers embrace sustainable mobility while supporting India’s green transition,” he said.
VinFast’s Plans for the Indian EV Market
With India positioned as one of the fastest-growing EV markets globally, VinFast’s entry strategy focuses on:
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Enhancing EV accessibility through affordable financing solutions.
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Building a robust dealer network with strong financial backing.
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Establishing charging infrastructure to support long-term EV adoption.
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Strengthening its competitive position ahead of the VF 6 and VF 7 launch.
About VinFast
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Parent Company: Vingroup JSC – Vietnam’s largest conglomerate
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Stock Listing: NASDAQ (Ticker: VFS)
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Product Range: Electric SUVs, e-scooters, e-buses
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Global Expansion: North America, Europe, and Asia
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Mission: Deliver innovative, sustainable, and accessible electric mobility solutions
What It Means for Indian EV Buyers
The VinFast–HDFC Bank partnership promises:
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Simplified vehicle financing with competitive loan rates.
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Greater product availability in metro and non-metro regions.
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Boosted consumer confidence through collaboration with India’s largest private sector bank.
As VinFast gears up to launch its first models in India, this strategic partnership lays a strong foundation for its success, aligning with the country’s EV adoption goals and sustainable transport vision.
