VinFast Partners with HDFC Bank for India EV Launch
Vietnamese EV manufacturer VinFast Auto India has partnered with HDFC Bank to finance its upcoming India launch, starting with the VF 6 compact SUV and VF 7 mid-size SUV. This Memorandum of Understanding (MoU) makes HDFC Bank VinFast’s first financial partner in the country, offering affordable auto loans for buyers and inventory financing for dealers.
The partnership leverages HDFC Bank’s vast branch network and digital platforms to reach customers in both urban and rural areas. For consumers, the deal means flexible loan schemes to make EV ownership more accessible. For dealers, dedicated financing ensures quicker deliveries and better stock availability, while also encouraging investment in charging infrastructure.
The MoU was signed by VinFast Asia CEO Pham Sanh Chau and HDFC Bank Auto Loans Business Head Akhilesh Kumar Roy. HDFC Bank’s Group Head of Retail Assets, Arvind Vohra, said the initiative supports India’s growing EV adoption by providing tailored financing solutions.
VinFast, part of Vietnam’s Vingroup JSC and listed on NASDAQ, also produces e-scooters, e-buses, and has expansion plans across North America, Europe, and Asia. Its India debut follows global EV players like BYD, Tesla, and MG, adding competition to the premium EV segment.
The partnership leverages HDFC Bank’s vast branch network and digital platforms to reach customers in both urban and rural areas. For consumers, the deal means flexible loan schemes to make EV ownership more accessible. For dealers, dedicated financing ensures quicker deliveries and better stock availability, while also encouraging investment in charging infrastructure.
The MoU was signed by VinFast Asia CEO Pham Sanh Chau and HDFC Bank Auto Loans Business Head Akhilesh Kumar Roy. HDFC Bank’s Group Head of Retail Assets, Arvind Vohra, said the initiative supports India’s growing EV adoption by providing tailored financing solutions.
VinFast, part of Vietnam’s Vingroup JSC and listed on NASDAQ, also produces e-scooters, e-buses, and has expansion plans across North America, Europe, and Asia. Its India debut follows global EV players like BYD, Tesla, and MG, adding competition to the premium EV segment.
