VinFast Auto India today announced it has signed a Memorandum of Understanding (MoU) with HDFC Bank, one of India’s leading private sector banks. This strategic collaboration aims to provide comprehensive auto and inventory financing for VinFast’s exclusive dealer network, marking a crucial step ahead of the company’s highly anticipated launch in the Indian market.
This agreement is VinFast’s first partnership with a banking institution in India and is designed to create a seamless suite of credit solutions for both its dealers and future customers.
A Strategic Move to Accelerate EV Adoption
The partnership allows VinFast to leverage HDFC Bank’s extensive pan-India branch network and robust digital platforms. This will help the EV maker reach customers across urban and emerging markets alike, aligning with the company’s goal of accelerating the adoption of sustainable transportation in one of the world’s fastest-growing EV markets.
Mr. Pham Sanh Chau, CEO of VinFast Asia
, commented on the collaboration: “This MoU marks a significant milestone in our efforts to make electric mobility more inclusive, convenient, and future-ready for Indian consumers. Partnering with a trusted banking institution like HDFC Bank ensures that we are not only delivering exceptional products and services, but also building the financial ecosystem necessary to support our customers and dealer partners at every step of the journey.”
Speaking on the development, Mr. Arvind Vohra, Group Head – Retail Assets, HDFC Bank
, said, “EV adoption is increasing and financing will play a large role in driving this. The MoU with VinFast is a step in this direction and will enable customers access VinFast’s well known product line through financing options.”
Supporting Dealers and Customers for a Strong Launch
The MoU was formally signed by Mr. Pham Sanh Chau of VinFast Asia and Mr. Akhilesh Kumar Roy, Business Head – Auto Loans, Inventory Finance, and Two-Wheeler Loans at HDFC Bank.
As VinFast gears up for the launch of its VF 6 and VF 7 electric vehicle models, this partnership underscores the company’s ongoing efforts to establish a strong, customer-focused footprint in India.
Frequently Asked Questions (FAQs)
Q1: Who has VinFast India partnered with for financing? A: VinFast Auto India has signed a Memorandum of Understanding (MoU) with HDFC Bank.
Q2: What is the purpose of this partnership? A: The partnership aims to provide comprehensive auto and inventory financing solutions for VinFast’s exclusive dealer network and its customers.
Q3: Is this VinFast’s first such partnership in India? A: Yes, this is VinFast’s first partnership with a banking institution in India.
Q4: How will this partnership help customers? A: Customers will be able to access VinFast’s upcoming product line through a variety of financing options offered by HDFC Bank, which has an extensive network across India.
Q5: Which VinFast models are launching soon in India? A: VinFast is preparing for the launch of its VF 6 and VF 7 models in the Indian market.
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