VinFast banks on bright future with ICICI deal


VinFast Auto India, a subsidiary of global EV maker VinFast, has signed an MoU with ICICI Bank, one of India’s top private banks, to provide auto and inventory financing for its exclusive dealer network. The partnership will deliver tailored credit solutions for the newly launched VF6 and VF7 models.

 

The MoU was signed by Phạm Sanh Châu, CEO of VinFast Asia (L), and Munish Gaur, Product Head - Vehicles, ICICI Bank. — Photo of VinFast

GURUGRAM — Driving ahead with a financial boost, VinFast Auto India, a subsidiary of global EV brand VinFast, has signed a Memorandum of Understanding (MoU) with ICICI Bank, one of India’s leading private sector banks, to provide auto and inventory financing for its exclusive dealer network.

The partnership aims to offer a seamless suite of credit solutions for the company’s recently launched VF6 and VF7 models.

Under the agreement, VinFast’s customers will have access to customised financing solutions including 100 per cent on-road funding, attractive interest rates, flexible repayment options and priority services applicable across the company’s full product range.

Dedicated ICICI Bank representatives will be available at all VinFast showrooms to provide on-site support, making EV ownership more accessible and convenient for a wider range of Indian consumers.

The collaboration allows VinFast to leverage ICICI Bank’s extensive pan-India branch network and digital platforms to reach customers across urban and emerging markets alike.

It also aligns with the company’s broader goal of accelerating the adoption of sustainable transportation solutions in India, one of the fastest-growing EV markets globally.

As VinFast launches its VF6 and VF7 models, this partnership highlights the company’s ongoing efforts to establish a strong and customer-focused footprint in India.

The company has also recently inaugurated its EV assembly plant in Tamil Nadu, marking a significant milestone in its long-term growth strategy. — VNS

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