The memorandum of understanding (MoU) was signed by Pham Sanh Chau, CEO of VinFast Asia, and Akhilesh Kumar Roy, Business Head – Auto Loans, Inventory Finance, and Two-Wheeler Loans at HDFC Bank.
According to a company statement, the partnership aims to offer a seamless suite of credit solutions ahead of VinFast’s highly anticipated launch.
VinFast inaugurated its assembly facility in Thoothukudi, southern Tamil Nadu, last week. The plant will roll out its VF 6 and VF 7 electric car models, for which bookings have already begun. Prices are yet to be announced but are expected shortly.
“Partnering with a trusted banking institution like HDFC Bank ensures that we are not only delivering exceptional products and services, but also building the financial ecosystem necessary to support our customers and dealer partners at every step of the journey,” said Pham Sanh Chau.
VinFast plans to establish 35 dealerships across 27 cities in India by the end of 2025, with several showrooms already operational.
“The MoU with VinFast is a step in this direction and will enable customers to access VinFast’s renowned product line through flexible financing options,” said Arvind Vohra, Group Head – Retail Assets, HDFC Bank.
