Mumbai: HDFC Bank has signed a Memorandum of Understanding (MoU) with VinFast Auto India to provide auto and inventory financing solutions for customers and dealers of the Vietnamese electric vehicle (EV) manufacturer.
This is VinFast’s first tie-up with an Indian bank as it prepares to launch operations in the country.
Under the agreement, HDFC Bank will extend customised financing options to make VinFast’s electric cars more accessible to Indian buyers. The bank will also offer working capital support to the company’s dealer network. The collaboration will use HDFC Bank’s extensive branch network and digital platforms to reach customers in both metropolitan and emerging markets.
The partnership comes ahead of VinFast’s planned debut of its VF 6 and VF 7 models in India, with financing benefits covering its entire product range. Both companies view the tie-up as a step toward accelerating EV adoption in one of the world’s fastest-growing electric mobility markets.
Pham Sanh Chau, Chief Executive Officer (CEO) of VinFast Asia, said the agreement represents a significant milestone in the company’s efforts to make electric mobility inclusive, convenient, and future-ready for Indian consumers.
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