VinFast Auto India, a subsidiary of the global EV brand VinFast, has partnered with Axis Bank, one of the largest private sector banks in India, to provide comprehensive EV financing solutions. The partnership aims to offer a seamless suite of credit solutions ahead of VinFast’s launch in India. Under the agreement, Axis Bank will extend up to 200 Crore in finance to VinFast dealers, and customers will have access to attractive interest rates, flexible repayment options, and 100% on-road funding.
The collaboration enables VinFast to leverage Axis Bank’s extensive pan-India branch network and digital platforms to reach customers across both urban and emerging markets. This aligns with VinFast’s goal of accelerating the adoption of sustainable transportation solutions in India, one of the fastest-growing EV markets globally. The partnership also reflects Axis Bank’s commitment to sustainability and empowering customers to achieve their green mobility aspirations.
The MoU was signed by VinFast Asia’s CEO, Pham Sanh Chau, and Axis Bank’s Executive Director, Munish Sharda, and Business Head – Wheels, Hemant Nagpal. Chau stated that financing is a critical enabler in the EV transition, and this partnership will enable more Indian consumers to take the electric leap with ease and confidence. Sharda commented that access to financing will play a vital role in driving the EV transition, and the collaboration with VinFast will offer customers convenient credit solutions tailored to its premium EV lineup.
As VinFast prepares to launch its VF 6 and VF 7 models, this partnership highlights the company’s efforts to establish a strong and customer-focused footprint in India. VinFast has also inaugurated its EV factory in Thoothukudi, Tamil Nadu, reinforcing its long-term commitment to the market. With this partnership, VinFast and Axis Bank aim to make EV ownership more accessible and convenient for Indian consumers, contributing to the growth of the EV market in India.