VinFast Auto India, a subsidiary of the global EV manufacturer VinFast, has signed a Memorandum of Understanding (MoU) with ICICI Bank to provide comprehensive auto and inventory financing solutions for its dealer network and customers. The collaboration comes as the company introduces its new VF 6 and VF 7 electric SUV models in the Indian market.
The partnership will enable VinFast customers to access customised financing options, including up to 100% on-road funding, competitive interest rates, flexible repayment schemes, and priority services across the company’s entire product lineup. To simplify the process, ICICI Bank representatives will be stationed at all VinFast showrooms, offering direct assistance and ensuring a seamless purchase experience.
For dealers, the agreement will facilitate efficient inventory financing, strengthening VinFast’s growing retail network in India. Leveraging ICICI Bank’s pan-India presence and digital banking platforms, the initiative aims to reach customers across both metro cities and emerging markets.
Mr Pham Sanh Chau, CEO of VinFast Asia, said,
“Driving home an EV should be effortless, and financing plays a vital role in this journey. Our partnership with ICICI Bank empowers customers with flexible financing while equipping dealers with resources to scale, creating value across the entire ownership experience.”
Mr Munish Gaur, Product Head – Vehicles, ICICI Bank, added,
“As EV adoption accelerates in India, access to convenient financing is critical. This collaboration with VinFast reflects our commitment to supporting customers in achieving their green mobility aspirations with ease.”
The partnership follows VinFast’s recent milestones in India, including the inauguration of its EV assembly plant in Tamil Nadu, underscoring its long-term commitment to the Indian EV market. With the launch of the VF 6 and VF 7, VinFast continues to strengthen its presence while advancing the adoption of sustainable mobility solutions nationwide.
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