VinFast India, the Indian subsidiary of global electric vehicle manufacturer VinFast, has signed a strategic Memorandum of Understanding (MoU) with Shriram Finance Limited (SFL), one of India’s largest retail-focused non-banking financial companies (NBFCs), to improve access to vehicle financing and support the adoption of electric mobility in India.
Under the partnership, prospective VinFast customers will gain access to tailored financing solutions offered by Shriram Finance, including up to 100% on-road funding, competitive interest rates, and flexible repayment options across VinFast’s electric vehicle portfolio. The initiative is aimed at making EV ownership more accessible and financially convenient for customers across diverse markets.
The collaboration will also enable VinFast to leverage Shriram Finance’s extensive nationwide network, which spans more than 3,000 branches and serves over 9 million customers. The NBFC’s strong presence across urban, semi-urban, and rural regions is expected to support broader EV penetration across India.
Shriram Finance, through its green finance initiatives, aligns with VinFast’s vision of accelerating the transition to sustainable mobility solutions in the country. The partnership is positioned to strengthen financing accessibility, which is considered a key driver for EV adoption in India.
The MoU was formally signed by Tapan Ghosh, CEO of VinFast India, and Nandagopal R., President & National Business Head – Shriram Green Finance.
Speaking on the development, Tapan Ghosh said the success of electric mobility in India depends not only on strong product offerings but also on the ecosystem supporting them. He noted that the partnership with Shriram Finance reflects VinFast’s commitment to reducing financial barriers and enhancing the overall ownership experience for customers.
Nandagopal R. stated that the collaboration represents a shared commitment to advancing sustainable mobility and strengthening the green mobility ecosystem in India.
VinFast India recently expanded its presence in the Indian market with the launch of the VF MPV 7, marking its entry into the electric MPV segment. The company continues to focus on ecosystem-building initiatives, including financing partnerships, assured resale value programmes, and buyback options, aimed at improving affordability and consumer confidence in electric vehicles.
The partnership with Shriram Finance marks another step in VinFast’s broader strategy to strengthen its foothold in India’s growing EV market and support the country’s transition toward cleaner transportation solutions.
