VinFast India collaborates with ICICI Bank to offer financing solutions for electric vehicles.

VinFast India has partnered with ICICI Bank in order to provide hassle-free inventory and auto financing for the electric vehicle manufacturer’s exclusive dealership networks. The company signed the Memorandum of Understanding (MoU) on September 17 in Gurugram by the CEO of VinFast Asia, Pham Sanh Chau and Munish Gaur, Product Head for Vehicles at ICICI Bank. 

This strategic alliance will be providing financing solutions for the electric cars of Vinfast which includes the VF7 and VF6 models, which has been recently introduced in the Indian market. This agreement states that ICICI will be providing their own representatives at VinFast showrooms in order to help customers with financing applications and processes. 

Customers will be having various financing options which includes 100% on-road financing, flexible repayment terms and various priority services available across Vinfast’s entire lineup. This partnership will ensure more accessibility by integrating the ICICI Bank’s branch network and digital platforms in order to reach a wider audience by targeting both urban and rural areas. 

This financing alliance will be enhancing Vinfast’s expansion strategy catered towards the Indian market by providing easy financing options which will ultimately boost the purchasing power of consumers while buying VinFast’s electric cars, thus indirectly contributing to EV adoption in India. 

Pham Sanh Chau also expressed further that easy financing plays an important role in buyer’s decision making process and will accelerate the EV transition and dealership growth in the country by providing customisable options. 

Munish Gaur also expressed that the collaboration also presents ICICI Bank’s commitment towards EV adoption in the country. 

Vinfast is a subsidiary company under Vietnamese conglomerate Vingroup JSC, and is set to expand their operations in global markets like North America, Europe and Asia. ICICI Bank is one of the leading banks of India with assets amounting to Rs 21,23,839 crore as of June 30, 2025.