VinFast, the Vietnamese electric vehicle manufacturer, has signed a Memorandum of Understanding (MoU) with Yes Bank to provide customised financing solutions for its EV customers and dealer network in India.
The partnership aims to make electric mobility more accessible through competitive interest rates, flexible repayment terms, 100% on-road funding, exclusive offers, and priority services across VinFast’s entire product range.
Yes Bank representatives will be stationed at all VinFast showrooms to offer on-the-spot financing support, ensuring a seamless purchase experience. The collaboration will utilise Yes Bank extensive branch network and digital platforms to reach customers in both urban centres and emerging markets.
The MoU was signed by Pham Sanh Chau, CEO of VinFast Asia; Sumit Bali, Country Head - Retail Assets and Debt Management, Yes Bank; and Amit Labroo, Business Head - Wheels and Rural Banking, Yes Bank.
VinFast, a subsidiary of Vingroup JSC, is an EV manufacturer. Its portfolio includes electric SUVs, e-scooters, and e-buses. The company is currently expanding distribution and manufacturing in North America, Europe, the Middle East, and Asia.
The partnership follows VinFast’s recent launch of the VF6 and VF7 models in India and the inauguration of its EV assembly plant in Tamil Nadu. It forms part of VinFast’s strategy to expand its dealership network and accelerate EV penetration in one of the world’s fastest-growing electric vehicle markets.
Also read: VinFast VF6 & VF7 Tech Check - Equipped To Impress?
