Vietnamese electric vehicle manufacturer VinFast Auto India has announced a strategic partnership with YES BANK, aimed at delivering comprehensive EV financing solutions for both customers and dealers across India. The collaboration marks a major step in VinFast’s mission to make electric mobility more accessible, affordable, and convenient in one of the world’s fastest-growing EV markets.
A Step Forward in EV Ecosystem Development
Under the new agreement, YES BANK will provide retail financing options for VinFast customers, offering competitive interest rates, 100% on-road funding, flexible repayment tenures, and priority services. Additionally, the bank will extend inventory funding to VinFast’s nationwide dealer network, ensuring smoother operations and better cash flow management as the automaker scales its presence in India.
This partnership brings financing help right into VinFast’s sales and distribution system, making it easier for customers to access electric vehicles. YES BANK’s extensive branch network and digital banking capabilities will also play a vital role in enabling financing options for customers in both metro and Tier 2/3 cities.
Empowering Dealers and Consumers Alike
Through this collaboration, VinFast and YES BANK aim to strengthen India’s growing EV ecosystem by simplifying the buying and ownership experience. YES BANK will offer on-site financial assistance at VinFast dealerships, helping customers secure loans quickly and conveniently.
The financing program will cater to a wide range of VinFast models, from premium SUVs to compact EVs, ensuring that electric mobility is no longer limited by high upfront costs.
“Our partnership with YES BANK reflects VinFast’s commitment to enabling sustainable mobility through a supportive financial ecosystem,” said Pham Sanh Chau, CEO of VinFast Asia. “We believe that EV adoption accelerates when customers and dealers have access to the right financial tools and institutional backing.”
YES BANK’s Commitment to Sustainable Finance
YES BANK has been an active participant in India’s clean energy and sustainability financing initiatives. The collaboration with VinFast reinforces the bank’s focus on supporting green mobility and climate-positive financial products.
“As India moves towards an electrified future, access to financing becomes a key enabler,” said Sumit Bali, Country Head (Retail Assets & Debt Management) at YES BANK. “Our partnership with VinFast underscores our shared vision of making EVs mainstream through flexible, customer-friendly financial solutions.”
Strategic Move Ahead of VinFast’s India Expansion
VinFast’s partnership with YES BANK follows a series of major developments in its India expansion strategy. The company recently unveiled its premium VF 6 and VF 7 electric SUVs, targeting both personal and fleet customers. It also plans to establish a state-of-the-art manufacturing facility in Tamil Nadu, further strengthening its local presence and supply chain.
With India emerging as a key EV growth market, the collaboration ensures that financial accessibility does not hinder consumer adoption. By combining VinFast’s global EV expertise with YES BANK’s financial reach, the two companies aim to accelerate the transition to sustainable transportation nationwide.
Driving India Toward an Electrified Future
The VinFast–YES BANK alliance represents a milestone in India’s EV ecosystem, highlighting the growing synergy between the automotive and financial sectors in advancing green mobility.
By offering tailored financing solutions for both dealers and customers, the partnership bridges critical gaps in affordability, awareness, and accessibility—paving the way for wider EV acceptance across urban and rural India.
Click Here to get the latest EV news and exclusive updates from EV Mechanica on WhatsApp!