VinFast Auto India on Monday said it has partnered with HDFC Bank to provide auto and inventory financing for its exclusive dealer network.
The two partners have signed a Memorandum of Understanding (MoU) for the same, the company, a subsidiary of Vietnam's EV maker VinFast, said in a statement.
"The partnership, VinFast's first with a banking institution in India, aims to offer a seamless suite of credit solutions ahead of the company's highly anticipated launch," it added.
VinFast Asia CEO Pham Sanh Chau said, "This MoU marks a significant milestone in our efforts to make electric mobility more inclusive, convenient, and future-ready for Indian consumers."
HDFC Bank Group Head - Retail Assets Arvind Vohra said EV adoption is increasing and financing will play a large role in driving this.
"The MoU with VinFast is a step in this direction and will enable customers to access VinFast's well-known product line through financing options. This is part of the bank's larger effort to support customers in meeting their aspirations in a convenient way," he added.
VinFast is eyeing a launch in India with its VF7 and VF6 models in India before the festival season this year.
The two partners have signed a Memorandum of Understanding (MoU) for the same, the company, a subsidiary of Vietnam's EV maker VinFast, said in a statement.
"The partnership, VinFast's first with a banking institution in India, aims to offer a seamless suite of credit solutions ahead of the company's highly anticipated launch," it added.
VinFast Asia CEO Pham Sanh Chau said, "This MoU marks a significant milestone in our efforts to make electric mobility more inclusive, convenient, and future-ready for Indian consumers."
HDFC Bank Group Head - Retail Assets Arvind Vohra said EV adoption is increasing and financing will play a large role in driving this.
"The MoU with VinFast is a step in this direction and will enable customers to access VinFast's well-known product line through financing options. This is part of the bank's larger effort to support customers in meeting their aspirations in a convenient way," he added.
VinFast is eyeing a launch in India with its VF7 and VF6 models in India before the festival season this year.
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