VINFAST JOINS HANDS WITH AXIS BANK TO DEPLOY COMPREHENSIVE FINANCING SOLUTIONS FOR ELECTRIC VEHICLES IN INDIA

As per the agreement, Axis Bank will provide a loan package worth up to INR 2 billion to VinFast dealers. The partnership also offers many benefits to consumers such as attractive interest rates, flexible payment options, 100% support for on-road prices, exclusive offers, and priority services, applicable to the entire range of VinFast products in India. Axis Bank staff will be present at every VinFast showroom to provide on-site support, making electric vehicles more accessible to Indian consumers.

The partnership also allows VinFast to leverage Axis Bank’s extensive branch network and digital platform to reach customers in both urban and developing regions, a move that aligns with VinFast’s long-term goal of driving sustainable mobility in India, one of the world’s fastest-growing electric vehicle markets.

The MoU was signed by Mr. Pham Sanh Chau, General Director of VinFast Asia; Mr. Munish Sharda, Managing Director of Axis Bank; and Mr. Hemant Nagpal, Head of Auto Lending, Axis Bank.

Mr. Pham Sanh Chau, General Director of VinFast Asia, shared: “Financial solutions are a key factor in accelerating the transition to electric vehicles. Therefore, this agreement is an important step for us to build a comprehensive and customer-friendly ecosystem. By cooperating with a pioneering financial institution in the field of digitalization like Axis Bank, VinFast makes it easier and more confident for Indian consumers to choose electric vehicles.”

“As the adoption of electric vehicles accelerates, access to finance will be key to this transition, ” said Munish Sharda, CEO, Axis Bank. “By partnering with VinFast, we will provide customers with convenient credit solutions tailored to their premium electric vehicles, while reflecting Axis Bank’s commitment to sustainability. This partnership will also help us empower customers to easily realize their green mobility dreams.”

Ahead of VinFast’s launch of the premium VF 6 and VF 7 models, the partnership with Axis Bank continues to affirm the electric vehicle company’s efforts to build a solid, customer-centric position in the Indian market. In early August, VinFast inaugurated its electric vehicle assembly plant in Thoothukudi, Tamil Nadu, thereby reinforcing its long-term commitment to the market.

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About VinFast

VinFast (NASDAQ: VFS), a subsidiary of Vingroup JSC, one of Vietnam’s largest conglomerates, is a pure electric vehicle (EV) manufacturer with a mission to make electric vehicles more accessible to everyone. VinFast’s current product portfolio includes a diverse range of electric SUVs, electric scooters, electric bicycles, and electric buses.

VinFast is entering the next phase of growth through rapidly expanding its global distribution and dealer network and strengthening its production capacity, focusing on key markets in North America, Europe and Asia.

Learn more at: https://www.vinfastauto.in/

About Axis Bank

Axis Bank is one of the largest private sector banks in India, providing a full range of financial services to a diverse customer base including large and medium corporates, small and medium enterprises, agriculture, and individuals. As of June 30, 2025, Axis Bank has 5,879 domestic branches (including expanded outlets) and 14,134 ATMs and cash deposit machines nationwide. Axis Virtual Centres are currently operational across 8 locations, with over 1,825 Customer Relationship Officers on call (as of June 30, 2025).

Axis Group includes: Axis Mutual Fund, Axis Securities Ltd., Axis Finance, Axis Trustee, Axis Capital, A. TReDS Ltd., Freecharge, Axis Pension Fund and Axis Bank Foundation.

Learn more at: https://www.axisbank.com

Source: https://vinfastauto.com/vn_vi/vinfast-bat-tay-axis-bank-trien-i-giai-phap-tai-chinh-toan-dien-cho-xe-dien-tai-an-do