VinFast Joins Hands with HDFC Bank to Supercharge India EV Launch — VF 6 & VF 7 SUVs Coming Soon!

Vietnamese electric vehicle giant VinFast Auto India has inked a landmark financing partnership with HDFC Bank, setting the stage for its much-anticipated India debut with the stylish VF 6 and VF 7 electric SUVs.

This strategic Memorandum of Understanding (MoU) makes HDFC Bank VinFast’s first banking ally in India, unlocking affordable auto loans for customers and inventory financing for dealerships. By leveraging HDFC Bank’s extensive branch network and powerful digital platforms, VinFast aims to make its EVs accessible across both urban hubs and rural markets.

Why This Matters

• For Buyers: Flexible EV loan schemes to make ownership easier.

• For Dealers: Dedicated inventory financing to ensure faster deliveries.

• For the Market: Boost to charging infrastructure development via dealer financing.
  
  

Key Details of the Deal

• Signatories: Pham Sanh Chau, CEO, VinFast Asia & Akhilesh Kumar Roy, Business Head – Auto Loans, HDFC Bank.

• Target Models: VinFast VF 6 (compact SUV) & VinFast VF 7 (mid-size SUV).

• Market Goal: Strengthen VinFast’s presence in one of the fastest-growing EV markets globally.
  
  

VinFast, part of Vietnam’s Vingroup JSC and traded on NASDAQ as VFS, has ambitious plans beyond cars — producing e-scooters, e-buses, and expanding across North America, Europe, and Asia. The brand’s India entry follows similar moves by BYD, Tesla, and MG, intensifying the competition in the premium EV segment.

Arvind Vohra, Group Head – Retail Assets, HDFC Bank, said the move aligns perfectly with India’s surging EV adoption trend, giving consumers tailored financing solutions and pushing sustainable mobility forward.