VinFast India Collaborates with ICICI Bank to Offer Extensive Electric Vehicle Financing Options
VinFast, a global electric vehicle (EV) manufacturer and subsidiary of Vingroup JSC, one of Vietnam's largest conglomerates, has made its mark in India by launching its VF 6 and VF 7 models. This move is part of VinFast's ongoing efforts to establish a strong presence in the Indian market.
In a significant step forward, VinFast Auto India, a subsidiary of the EV brand, has signed a Memorandum of Understanding (MoU) with ICICI Bank, a leading private sector bank in India. The collaboration aims to offer customized financing solutions for VinFast's recently launched VF 6 and VF 7 models.
Under the agreement, VinFast's customers will have access to 100% on-road funding, attractive interest rates, flexible repayment options, and priority services. Dedicated ICICI Bank representatives will be available at all VinFast showrooms to provide on-site support.
Mr. Pham Sanh Chau, CEO of VinFast Asia, and Munish Gaur, Product Head - Vehicles, ICICI Bank, signed the MoU. Mr. Gaur stated that the collaboration will provide customers with convenient credit options for VinFast's premium EV lineup.
This partnership is aligned with VinFast's goal of accelerating the adoption of sustainable transportation solutions in India. VinFast is a pure-play EV manufacturer, focusing on key markets across North America, Europe, and Asia for its growth. Its product lineup includes a wide range of electric SUVs, e-scooters, and e-buses.
The assembly plant in Tamil Nadu, a significant milestone in VinFast's long-term growth strategy, was recently inaugurated. The launch of these models in India and the partnership with ICICI Bank are part of VinFast's efforts to expand its distribution and dealership network globally.
The company supporting VinFast Auto India to finance sales of its latest models VF 6 and VF 7 in India is Reliance Strategic Business Ventures Limited (Reliance SBV). This collaboration allows VinFast to leverage ICICI Bank's extensive pan-India branch network and digital platforms.
Mr. Chau shared that the partnership aims to empower customers with flexible and efficient financing options. He expressed confidence that this collaboration will contribute to the growth of VinFast in India and the promotion of sustainable transportation solutions.
The MoU aligns with VinFast's mission to bring high-quality, affordable, and eco-friendly electric vehicles to the masses. As the world moves towards a greener future, VinFast is committed to leading the charge in the EV revolution.
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