VinFast Auto India, the Indian subsidiary of global electric vehicle manufacturer VinFast, has entered into a strategic partnership with HDFC Bank to provide auto and inventory financing for its exclusive dealer network. The collaboration, formalised through a Memorandum of Understanding (MoU), marks VinFast’s first tie-up with a banking institution in India.
Under the agreement, VinFast will leverage HDFC Bank’s extensive pan-India branch network and robust digital platforms to extend credit solutions to customers across both urban centres and emerging markets. The partnership supports VinFast’s broader mission to accelerate the adoption of sustainable mobility in India, one of the world’s fastest-growing EV markets.
The MoU was signed by Pham Sanh Chau, CEO of VinFast Asia, and Akhilesh Kumar Roy, Business Head – Auto Loans, Inventory Finance, and Two-Wheeler Loans at HDFC Bank.
As VinFast prepares for the upcoming launch of its VF 6 and VF 7 models, the financing arrangement is expected to strengthen its dealer network and enhance customer access to its products.
The move follows the recent inauguration of VinFast’s manufacturing facility in Thoothukudi, Tamil Nadu. Pre-bookings for vehicles produced at the plant will begin on July 27, with deliveries scheduled to commence soon.
This alliance represents a significant step in VinFast’s strategy to build a strong, customer-centric presence in India while supporting the nation’s transition towards electric mobility.
Click Here to get the latest EV news and exclusive updates from EV Mechanica on WhatsApp!