VinFast Auto India, the Indian arm of Vietnamese EV maker VinFast, has signed a Memorandum of Understanding (MoU) with ICICI Bank to deliver comprehensive financing solutions for its customers and dealer network.
The agreement will provide buyers of VinFast’s newly launched VF6 and VF7 models with a suite of tailored financing options, including 100% on-road funding, competitive interest rates, flexible repayment plans, and priority services. Dedicated ICICI Bank representatives will be stationed at VinFast showrooms to assist customers directly, making the shift to electric mobility more seamless.
Dealers will also benefit through inventory financing, enabling them to scale operations more effectively. VinFast aims to leverage ICICI Bank’s extensive national presence and digital platforms to penetrate both urban and emerging markets, aligning with its strategy to accelerate EV adoption in India — one of the fastest-growing electric mobility markets globally.
“Driving home an electric vehicle should be an exciting and effortless journey, and accessible financing plays a vital role in making that possible,” said Pham Sanh Chau, CEO of VinFast Asia. “By joining hands with ICICI Bank, we are empowering our customers with flexible options while equipping our dealers with resources to scale.”
Munish Gaur, Product Head – Vehicles, ICICI Bank, added: “As EV adoption accelerates, access to financing will be key to driving this transition. Our collaboration with VinFast reflects the Bank’s broader commitment to helping customers achieve their green aspirations with ease.”
The partnership comes shortly after VinFast inaugurated its EV assembly plant in Tamil Nadu, a strategic milestone as it strengthens its footprint in India.
