Vinfast Auto India, the Indian subsidiary of global electric vehicle manufacturer Vinfast, has entered into a Memorandum of Understanding (MoU) with Tata Capital, one of India’s leading non-banking finance companies (NBFCs), to strengthen financing support for its dealer network.
This partnership will provide VinFast’s exclusive dealers with a wide range of financing solutions, including inventory funding, working capital assistance and support for dealership expansion. The initiative is designed to help dealers manage operations more efficiently while supporting Vinfast’s growth strategy in India, one of the world’s largest and fastest growing automotive markets.
By combining Vinfast’s expanded retail footprint with Tata Capital’s extensive financial expertise, the collaboration aims to create a stronger and more sustainable dealer ecosystem. Tata Capital serves approximately 7.7 million customers across India through a diverse portfolio of financial products and a nationwide network of approximately 1,500 branches, making it a strong partner in supporting Vinfast’s dealer growth plans.
By leveraging Tata Capital’s extensive branch network, digital platform and financing expertise, Vinfast aims to further strengthen its dealer ecosystem and support its continued expansion across the country. The partnership is also in line with the company’s broader goal of accelerating the adoption of sustainable transportation solutions in one of the world’s fastest growing EV markets.
The MoU was signed by Mr Tapan Ghosh, CEO, Vinfast India, Mr Narendra Kamath, COO – SME Finance, Tata Capital and Mr Soumitra Das, Business Head – Supply Chain Finance, Tata Capital.
Mr Tapan Ghosh, CEO, Vinfast Asia, shared: “Vinfast India is pleased to partner with Tata Capital, one of the country’s most trusted financial services providers, a collaboration that reflects our shared commitment to advancing electric mobility in India. This partnership will enable us to provide comprehensive financing solutions to our dealer network, thereby supporting greater accessibility, ease of operations and long-term growth for the brand. We are confident that their strong pan-India presence and financial The expertise will play a vital role in enhancing our ownership journey for our customers and partners.”
Commenting on the collaboration, Mr. Narendra Kamath, COO – SME Finance, Tata Capital said: “India’s transition to electric mobility is gaining significant momentum, creating a growing need for innovative and scalable financing solutions. Through our partnership with Vinfast, we aim to empower dealers with tailored financing support that enables business growth and operational efficiency. Together, we will help strengthen the EV ecosystem and drive sustainable mobility across the country.” “Committed to accelerating adoption.”
Expanding access to financial solutions for both customers and dealer partners is part of VinFast’s broader strategy to build a comprehensive electric vehicle ecosystem in India. Along with the growing EV portfolio which includes the VF6, VF7 and VF MPV7, the company is launching initiatives aimed at making EV ownership more accessible and convenient, including assured resale value programs. Recently, VinFast has extended its free charging program on V-Green charging network till March 31, 2029. Together, these efforts support widespread EV adoption and help advance India’s transition to sustainable mobility.