Vietnamese electric vehicle (EV) manufacturer VinFast has partnered with ICICI Bank to provide flexible financing solutions for its customers in India. This collaboration aims to make EV ownership more accessible by offering competitive loans, 100% on-road funding, and customer-friendly repayment options. With India emerging as one of the fastest-growing EV markets, the partnership comes at a strategic time as VinFast accelerates its expansion in the country.
The financing agreement was formally signed by Pham Sanh Chau, CEO of VinFast Asia, and Munish Gaur, Product Head – Vehicles, ICICI Bank. The partnership is designed to strengthen VinFast’s foothold in India by offering buyers easy access to credit while also supporting the company’s dealer ecosystem.
ICICI Bank will deploy dedicated representatives across VinFast showrooms to guide customers through financing options and provide on-site support. This ensures a seamless purchase journey for EV buyers.
Through this partnership, VinFast customers can benefit from:
100% on-road funding for new EV purchases
Competitive interest rates tailored to different buyer segments
Flexible repayment terms designed to suit diverse income groups
The financing solutions are available across VinFast’s entire product portfolio in India, covering all newly launched and upcoming models.
ICICI Bank, one of India’s leading private banks, brings to the table its vast branch network, strong digital infrastructure, and customer service expertise. By integrating these resources with VinFast’s dealership network, the companies aim to extend financing access not only in metro cities but also in tier-2 and tier-3 towns, where EV adoption is steadily gaining traction.
This nationwide reach is expected to accelerate VinFast’s vision of promoting sustainable transportation and making EVs mainstream in India.
The financing partnership coincides with the launch of VinFast’s VF 6 and VF 7 electric SUV models in India. These vehicles mark the next phase of the brand’s journey in the country, offering Indian consumers premium electric SUVs with advanced features and competitive pricing.
In addition, VinFast recently inaugurated its EV assembly plant in Tamil Nadu, which serves as a key pillar of its long-term growth strategy in India. The local facility will help the brand scale production, reduce costs, and enhance its ability to serve the Indian market more efficiently.
Pham Sanh Chau, CEO of VinFast Asia, emphasized the importance of financing in accelerating EV adoption:
“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.”
Munish Gaur, Product Head – Vehicles, ICICI Bank, added:
“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 Vingroup JSC, has quickly established itself as a pure-play EV manufacturer with operations spanning North America, Europe, and Asia. Its product portfolio includes:
Electric SUVs
E-scooters
E-buses
The company is actively expanding its distribution and dealership network while increasing manufacturing capacity to meet rising global demand for EVs. India represents one of the most important markets in its expansion roadmap, and partnerships like the one with ICICI Bank are crucial in unlocking growth opportunities.
Conclusion
The VinFast–ICICI Bank partnership is set to transform the EV financing landscape in India by providing customers with accessible, flexible, and affordable financing solutions. As VinFast launches new models like the VF 6 and VF 7, backed by its Tamil Nadu facility, the brand is poised to play a major role in India’s electric mobility future. With ICICI Bank’s support, VinFast is bridging the gap between aspiration and ownership, empowering Indian consumers to embrace sustainable and premium mobility solutions.