Overview

• The memorandum of understanding marks VinFast’s inaugural partnership with an Indian banking institution as it prepares to enter the market
• HDFC Bank’s auto loan portfolio has topped ₹1.48 lakh crore, highlighting its capacity to underwrite VinFast’s electric vehicles
• Dealers will gain working capital support and inventory funding to stock VF6 and VF7 models ahead of customer deliveries
• The collaboration aims to lower financial barriers and speed EV adoption in one of the world’s fastest-growing electric mobility markets
• Pham Sanh Chau called the MoU a milestone for inclusive electric mobility while Arvind Vohra stressed financing’s pivotal role in driving EV uptake