ICICI Bank collaborates with VinFast India to provide extensive electric vehicle financing options
VinFast and ICICI Bank Partner to Offer Customized Financing Solutions for Electric Vehicles in India
In a significant move for the Indian electric vehicle (EV) market, VinFast Auto India, a subsidiary of global EV brand VinFast, has signed a Memorandum of Understanding (MoU) with ICICI Bank for auto and inventory financing.
VinFast, a pure-play electric vehicle manufacturer and a subsidiary of Vingroup JSC, one of Vietnam's largest conglomerates, is now expanding its operations in India. The company's product lineup includes a wide range of electric SUVs, e-scooters, and e-buses.
The collaboration with ICICI Bank, a leading private sector bank in India listed on BSE, NSE, and NYSE under the ticker symbols ICICIBANK, ICICIBANK, and IBN respectively, will allow VinFast to leverage ICICI Bank's extensive pan-India branch network and digital platforms.
Under the agreement, VinFast's customers will have access to 100% on-road funding, attractive interest rates, flexible repayment options, and priority services. The partnership aims to offer customized financing solutions for VinFast's VF 6 and VF 7 models.
Dedicated ICICI Bank representatives will be available at all VinFast showrooms to provide on-site support. The Chairman of the Board of Directors of ICICI Bank, which has entered into this partnership, is Girish Chandra Chaturvedi.
Recently, VinFast inaugurated its EV assembly plant in Tamil Nadu, marking a significant step in its expansion in India. The company is currently embarking on its next growth phase through rapid expansion of its distribution and dealership network globally.
It is important to note that the information provided in this press release is sourced from a syndicated feed and published as received, with no editorial responsibility taken by The Tribune. As of June 30, 2025, ICICI Bank's total assets stood at ₹21,23,839 crore.
This partnership is a testament to the growing interest in electric vehicles in India and the efforts being made to make them more accessible to the general public. With attractive financing options and a wide range of electric vehicles, VinFast and ICICI Bank are set to make a significant impact in the Indian EV market.
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