In a major step to strengthen its India debut, VinFast Auto India has signed a Memorandum of Understanding (MoU) with Axis Bank to provide comprehensive EV financing solutions for dealers and retail buyers.
Under the agreement, Axis Bank will extend up to ₹200 crore in dealer financing, while customers will benefit from attractive interest rates, flexible repayment options, 100% on-road funding, exclusive offers, and priority banking services. Dedicated Axis Bank representatives will also be stationed at VinFast showrooms to ensure seamless support.
Highlighting the significance of the tie-up, 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 working with a digitally progressive financial institution like Axis Bank, we are enabling more Indian consumers to take the electric leap with ease and confidence.”
Munish Sharda, Executive Director, Axis Bank, added, “As EV adoption accelerates, access to financing will play a vital role in driving this transition. Our collaboration with VinFast will offer customers convenient credit solutions tailored to its premium EV lineup, reflecting the Bank’s broader commitment to sustainability.”
The partnership comes as VinFast prepares to launch its made-in-India VF 6 and VF 7 electric SUVs. The company recently inaugurated its EV manufacturing facility in Thoothukudi, Tamil Nadu, underlining its long-term commitment to India’s fast-growing electric mobility market.
With Axis Bank’s extensive branch and digital network, the collaboration is expected to boost accessibility in both urban and emerging markets, accelerating India’s shift towards sustainable mobility.
