The partnership also covers inventory financing for dealers, aimed at supporting the rollout of VinFast’s VF 6 and VF 7 models, launched recently in India.VinFast Auto India, a subsidiary of global electric vehicle manufacturer VinFast, has signed a Memorandum of Understanding (MoU) with ICICI Bank to provide auto and inventory financing for its dealer network.
Under the agreement, VinFast’s customers will have access to financing solutions, including 100 per cent on-road funding, interest rate options, flexible repayment plans and priority services across the company’s product portfolio. ICICI Bank will also place dedicated representatives at VinFast showrooms to provide on-site support, the official statement said.
The partnership also covers inventory financing for dealers, aimed at supporting the rollout of VinFast’s VF 6 and VF 7 models, launched recently in India.
VinFast said the tie-up will help it leverage ICICI Bank’s branch network and digital platforms to reach buyers across urban and emerging markets.
Pham Sanh Chau, CEO of VinFast Asia, said, “By joining hands with ICICI Bank, we are empowering our customers with flexible and efficient financing options, while also equipping our dealers with the resources they need to scale. Our goal is to create value not just at the point of purchase but throughout the entire ownership journey, while advancing a new era of mobility that is clean, convenient, and inclusive.”
Munish Gaur, product head – vehicles, ICICI Bank, said, “As EV adoption accelerates, access to financing will be key to driving this transition. Our collaboration with VinFast will provide customers with convenient credit options for its premium EV lineup and reflects the Bank’s broader commitment to helping customers achieve their green aspirations with ease.”
The MoU follows VinFast’s inauguration of its EV assembly plant in Tamil Nadu. The company has committed to invest $2 billion in India for its EV manufacturing facility.
