VinFast India Partners with Axis Bank to Revolutionize EV Financing in the Country

​VinFast Auto India is gearing up to expand its business portfolio in India. With the official launch of the much-anticipated models nearing the doorsteps, VinFast has made a significant move to accelerate the electric vehicle revolution in India. On September 4, 2025, the Vietnamese brand signed a Memorandum of Understanding (MoU) with Axis Bank in India.

This strategic collaboration will eventually make EV ownership more accessible and affordable. VinFast's commitment to sustainability is reinforced by its third MoU, this time with HDFC, SBI, and now Axis Bank. The brand is making plans to promote easy financial solutions to be one of the fastest-growing EV ecosystems in India. This mutual collaboration is poised to bridge financial barriers for customers while boosting VinFast’s footprint ahead of its much-anticipated VF 6 and VF 7 launches.

Strategic Partnership For Sustainable Growth

As per the latest report by the brand, Axis Bank, with the signing of the agreement under the MoU, will now provide 200 crore in financing to VinFast dealers. This retail financing agreement also brings a wide range of benefits for customers, such as attractive interest rates, flexible repayment options, and priority services. All these leverages will be applicable across the entire VinFast product portfolio.

Furthermore, to lead the process of financing with full transparency, the dedicated Axis Bank representatives stationed at all VinFast showrooms across India will deliver on-site financial support. This will simplify the purchasing process and boost customer confidence. This collaboration enables VinFast to leverage Axis Bank’s extensive pan-India branch network and digital infrastructure to reach urban and rural areas.

Leadership Visionary Approach

Speaking about the successful collaboration with the Axis Bank, Mr. Pham Sanh Chau, CEO of VinFast Asia, stated that “Financing is a critical enabler in the EV market. This MoU is a strong step towards building an inclusive ecosystem for our buyers.” He later added, “By working with a digitally financial ecosystem like Axis Bank, we are enabling more Indian consumers to take the electric steps for sustainable mobility.”

From The Director's Desk

The MoU was signed by Mr. Pham Sanh Chau, CEO of VinFast Asia, along with Mr. Munish Sharda, Executive Director of Axis Bank, and Mr. Hemant Nagpal, Business Head-Wheels at Axis Bank.

While signing this memorandum, Mr. Munish Sharda, Executive Director of Axis Bank, said that. “As the race of EV adoption is slowly growing, so too will access to financing, which plays a vital role in driving these business transactions. VinFast will offer customers convenient credit solutions so that the common man can buy the all-new VinFast VF6 and VF7.”

What’s Ahead

As VinFast prepares for its official launch with the VF 6 and VF 7 models, the cooperation with Axis Bank marks a critical milestone in offering premium EV options with unmatched financial accessibility.

Conclusion

This collaboration will make a vision to eliminate entry barriers to EV ownership, driving India’s transition to clean, sustainable transportation on both urban and rural fronts. It showcases how strategic banking partnerships can catalyze EV adoption, supporting VinFast’s mission of making electric vehicles accessible to everyone in India.

Also Read: VinFast India Partners with State Bank of India to Offer Easy EV Financing