In a major step toward strengthening India’s electric vehicle (EV) ecosystem, VinFast Auto India, a subsidiary of Vietnam’s leading EV manufacturer VinFast, has signed a Memorandum of Understanding (MoU) with YES BANK, one of India’s top private sector banks. The partnership aims to provide comprehensive retail and dealer financing solutions to accelerate EV adoption across the country.
Under this collaboration, YES BANK will extend inventory financing to VinFast’s exclusive dealer network and offer attractive loan options for retail customers. The retail package includes benefits such as competitive interest rates, flexible repayment plans, 100% on-road funding, exclusive offers, and priority services — available across VinFast’s entire range of electric SUVs. YES BANK representatives will also be stationed at VinFast showrooms to assist customers with on-site credit services.
Speaking at the signing ceremony, Mr. Pham Sanh Chau, CEO of VinFast Asia, said, The shift to electric mobility succeeds when customers and dealers have the right tools and support. Our partnership with YES BANK is a step towards building that ecosystem, making EV ownership simpler and more reassuring for Indian consumers.
Mr. Sumit Bali, Country Head – Retail Assets and Debt Management at YES BANK, added that financing access plays a pivotal role in India’s EV transition: Through this partnership, we aim to empower customers to achieve their green mobility aspirations with ease.
The agreement comes shortly after VinFast’s launch of its premium VF 6 and VF 7 electric SUVs in India and the inauguration of its EV assembly plant in Tamil Nadu, marking a milestone in the brand’s long-term India growth strategy.
By leveraging YES BANK’s pan-India network and VinFast’s cutting-edge electric lineup, the collaboration seeks to make sustainable mobility financially accessible to both dealers and customers — positioning VinFast as a key player in India’s fast-growing EV market.
