GURUGRAM – VinFast Auto India, a subsidiary of the global EV brand VinFast, has signed a Memorandum of Understanding (MoU) with YES BANK, India’s sixth-largest private sector bank, to provide retail and inventory financing for its exclusive dealer network, paving the way for a smoother rollout of its highly anticipated electric vehicles in the country.

Under the dealer finance agreement, YES BANK will offer favourable financing terms to VinFast dealers. The retail finance package also provides a range of customer benefits, including attractive interest rates, flexible repayment options, 100 per cent on-road funding, exclusive offers, and priority services across VinFast’s entire product portfolio. YES BANK representatives will be available at all VinFast showrooms to provide on-site support, making EV ownership more accessible and convenient for Indian consumers.

The collaboration allows VinFast to leverage YES BANK’s extensive pan-India branch network and digital platforms to reach customers in both urban and emerging markets. It aligns with the company’s wider goal of accelerating the adoption of sustainable transport solutions in India, one of the fastest-growing EV markets globally.

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, providing hassle-free financing solutions that make it easier for dealers to manage inventory and for customers to access our EVs. By working together, we are ensuring a smoother ownership experience and making EV adoption more reassuring for our customers, while advancing India’s path toward greener transportation.”— VNS