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VinFast Auto India, the subsidiary of Vietnamese EV maker, has signed an MoU with Axis Bank to provide auto and inventory financing solutions for its upcoming dealer network and customers ahead of its India launch.
Under the agreement, Axis Bank will extend up to ₹200 crore in dealer financing to support VinFast’s exclusive retail network. On the consumer side, the partnership will offer attractive interest rates, flexible repayment options, 100 per cent on-road funding, exclusive offers and priority services across VinFast’s product portfolio. Dedicated Axis Bank representatives will also be placed at VinFast showrooms to assist customers.
The collaboration is designed to make EV ownership more convenient and accessible, leveraging Axis Bank’s pan-India branch network and digital platforms to reach customers in both urban and emerging markets, the official statement said.
“Financing is a critical enabler in the EV transition, and this MoU is a strong step towards building an inclusive ecosystem for our buyers,” said Pham Sanh Chau, CEO of VinFast Asia.
Munish Sharda, Executive Director, Axis Bank, said “Our collaboration with VinFast will offer customers convenient credit solutions tailored to its premium EV lineup, empowering them to achieve their green mobility aspirations with ease,” he said.
