VinFast Partners with ICICI Bank for EV Financing Solutions in India

Vietnamese electric vehicle manufacturer VinFast has entered into a partnership with ICICI Bank to offer financing solutions for its electric vehicles in India, with the agreement signed by VinFast Asia CEO Pham Sanh Chau and ICICI Bank's Product Head for Vehicles Munish Gaur to support the company's expansion in the Indian EV market.

The partnership provides VinFast customers with access to comprehensive financing options, including 100% on-road funding, competitive interest rates, and flexible repayment terms across the company's entire product portfolio. ICICI Bank will station dedicated representatives at all VinFast showrooms to deliver on-site customer support.

The collaboration enables VinFast to utilise ICICI Bank's nationwide branch network and digital infrastructure to reach customers in both urban centers and emerging markets. This strategic alliance supports VinFast's objective of accelerating sustainable transportation adoption in India, which ranks among the world's fastest-growing electric vehicle markets.

The financing partnership coincides with VinFast's launch of its VF 6 and VF 7 electric SUV models in India. The company recently opened its electric vehicle assembly facility in Tamil Nadu, representing a key component of its long-term growth strategy in the Indian market.

Pham Sanh Chau, CEO of VinFast Asia, shared, "Driving home an electric vehicle should be an exciting and effortless journey, and accessible financing plays a vital role in making that possible. 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."

VinFast, a subsidiary of Vietnam's Vingroup JSC conglomerate, operates as a dedicated electric vehicle manufacturer with operations spanning North America, Europe, and Asia. The company's current product range includes electric SUVs, e-scooters, and e-buses, with ongoing expansion of its global distribution and manufacturing capabilities.