VinFast Auto India, the Indian arm of global EV manufacturer VinFast, has signed a Memorandum of Understanding (MoU) with HDFC Bank to provide auto and inventory financing for its exclusive dealer network. This marks VinFast’s first partnership with a banking institution in India, aimed at delivering a seamless range of credit solutions.
Through this collaboration, VinFast will tap into HDFC Bank’s extensive nationwide branch network and digital platforms, enabling it to reach customers across both urban and emerging markets. The initiative supports VinFast’s broader mission to accelerate the adoption of sustainable mobility in India, one of the fastest-growing EV markets in the world.
The MoU was signed by Pham Sanh Chau, CEO of VinFast Asia, and Akhilesh Kumar Roy, Business Head – Auto Loans, Inventory Finance, and Two-Wheeler Loans at HDFC Bank.
As the company prepares to launch its VF 6 and VF 7 models, the partnership reflects VinFast’s focus on building a strong, customer-centric presence in the Indian market. The Vietnamese automaker recently inaugurated its manufacturing facility in the port town of Thoothukudi, with pre-bookings for its locally produced vehicles set to open on July 27 and deliveries expected soon.
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