Gurugram, Haryana, India | 10th September 2025: VinFast Auto India, the Indian arm of the global electric vehicle (EV) manufacturer VinFast, has announced a strategic partnership with Axis Bank, one of India’s largest private sector banks. The collaboration, formalized through a Memorandum of Understanding (MoU), is set to provide auto and inventory financing solutions for VinFast’s exclusive dealer network, strengthening the brand’s entry into the Indian market.
Up to ₹200 Crore Financing for Dealers
As part of the dealer financing agreement, Axis Bank will extend up to ₹200 crore in credit to VinFast dealers, ensuring smoother operations and faster expansion of its retail network. The retail financing arrangement also offers a host of benefits for customers, including:
- Competitive interest rates
- Flexible repayment options
- 100% on-road funding
- Priority banking services
- Exclusive launch offers
To enhance accessibility, dedicated Axis Bank representatives will be stationed at VinFast showrooms, making EV ownership seamless for buyers across India.
Expanding EV Accessibility Across India
With Axis Bank’s extensive branch network and digital platforms, the partnership is designed to reach both metropolitan and emerging markets, empowering more Indian consumers to transition to sustainable mobility. The collaboration aligns with VinFast’s mission to accelerate EV adoption in India, one of the world’s fastest-growing electric mobility markets.
Leaders Speak on the Partnership
Commenting on the MoU, Mr. Pham Sanh Chau, CEO of VinFast Asia, said:
“Financing is a critical enabler in the EV transition, and this MoU is a strong step towards building an inclusive ecosystem for our buyers. By partnering with a digitally progressive institution like Axis Bank, we are enabling Indian consumers to take the electric leap with confidence.”
Mr. Munish Sharda, Executive Director, Axis Bank, added:
“As EV adoption accelerates, financing will play a vital role in supporting this transition. Our collaboration with VinFast will provide tailored credit solutions for its premium EV portfolio while reinforcing Axis Bank’s commitment to sustainable growth and green mobility.”
Strengthening VinFast’s Commitment to India
The partnership comes at a crucial time as VinFast prepares for the launch of its much-awaited VF 6 and VF 7 EV models. Earlier in August, the company inaugurated its state-of-the-art EV manufacturing facility in Thoothukudi, Tamil Nadu, underlining its long-term investment and vision for the Indian market.
Learn more at: www.vinfastauto.in.
