Axis Bank to extend up to ₹200 crore dealer financing and retail credit support as VinFast prepares for launch of VF 6 and VF 7 models in India
Gurugram, Haryana, September 8, 2025: VinFast Auto India, a subsidiary of the global EV manufacturer VinFast, has partnered with Axis Bank, one of India’s leading private sector banks, to provide comprehensive auto and inventory financing solutions for its exclusive dealer network. The Memorandum of Understanding (MoU) marks a significant step in boosting EV accessibility ahead of the company’s highly anticipated entry into the Indian market.
Under the agreement, Axis Bank will extend up to ₹200 crore in dealer financing while also offering retail customers attractive financing options such as competitive interest rates, flexible repayment tenures, 100% on-road funding, exclusive offers, and priority banking services. Dedicated Axis Bank representatives will be stationed at VinFast showrooms to provide on-site support, ensuring a smooth and convenient buying experience.
The collaboration will enable VinFast to tap into Axis Bank’s extensive branch network and digital platforms across urban and emerging markets, furthering its mission to accelerate the adoption of sustainable mobility in India—one of the world’s fastest-growing EV markets.
The MoU was signed by Mr. Pham Sanh Chau, CEO of VinFast Asia; Mr. Munish Sharda, Executive Director, Axis Bank; and Mr. Hemant Nagpal, Business Head – Wheels, Axis Bank.
Speaking on the occasion, Mr. Pham Sanh Chau 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. By working with a digitally progressive institution like Axis Bank, we are enabling more Indian consumers to take the electric leap with ease and confidence.”
Mr. Munish Sharda added, “As EV adoption accelerates, access to financing will play a vital role in driving this transition. Our collaboration with VinFast will provide tailored credit solutions for its premium EV lineup, while reflecting our broader commitment to sustainability. This partnership empowers customers to achieve their green mobility aspirations with ease.”
The tie-up comes as VinFast readies the launch of its VF 6 and VF 7 models in India. The company further underscored its long-term commitment by inaugurating its state-of-the-art EV manufacturing plant in Thoothukudi, Tamil Nadu, earlier in August 2025.
About VinFast Auto India:
VinFast Auto India is a subsidiary of VinFast, the global electric vehicle manufacturer headquartered in Vietnam. With a mission to drive sustainable mobility solutions, VinFast is expanding its presence in key international markets, including India, with a focus on advanced technology, customer-centric services, and eco-friendly innovation.