Vinfast India, the Indian subsidiary of global electric vehicle manufacturer Vinfast, has signed a strategic Memorandum of Understanding (MoU) with Shriram Finance Limited (SFL), one of India’s largest retail NBFCs, to enhance consumers’ access to financial solutions and support wider adoption of electric mobility in the country.
Through this partnership, potential VinFast customers will benefit from tailored financing solutions from Shriram Finance, including up to 100% on-road funding, attractive interest rates and flexible repayment options across VinFast’s product portfolio, designed to simplify EV ownership and accelerate adoption. The collaboration will also enable Vinfast to leverage Shriram Finance’s extensive pan-India presence, deep expertise in vehicle financing and strong customer reach across urban, rural and semi-urban markets.
Shriram Finance is one of India’s largest retail-focused NBFCs, providing loans and other credit solutions along with traditional banking channels to over 9 million customers through a nationwide network of over 3,000 branches. Through its green finance initiatives, Shriram Finance shares Vinfast’s vision of accelerating the transition towards cleaner and more sustainable mobility solutions across India.
The MoU was signed by Mr. Tapan Ghosh, CEO, Vinfast India and Mr. Nandagopal R., President and National Business Head, Shriram Green Finance. Signed.
Mr. Tapan Ghosh, CEO, VinFast India, shared, “India’s transition to electric mobility will be shaped not only by strong products, but also by the strength of the ecosystem that supports them. Our partnership with Shriram Finance reflects VinFast’s continued focus on removing barriers to EV adoption by improving financing access and enabling a seamless ownership experience for our customers across all markets.”
Commenting on the partnership, Shri Nandagopal R., President and National Business Head, Shriram Green Finance. said, “We are pleased to collaborate with Vinfast through this strategic MOU, which is an important step towards strengthening sustainable mobility solutions in India. This collaboration reflects our shared vision to accelerate EV adoption and support the development of a strong green mobility ecosystem across the country.”
As VinFast continues to strengthen its footprint in India, this partnership is another important step in the company’s efforts to build a strong EV ecosystem that supports the country’s transition towards sustainable mobility. Following the recent launch of the VF MPV7, marking Vinfast’s entry into the electric MPV segment, the company is building strong momentum in the market through strategic initiatives aimed at increasing accessibility and ownership convenience.
A key enabler of EV adoption, with collaboration focused on strengthening financing access, initiatives such as assured resale and structured buyback programs, VinFast is committed to making electric mobility more practical, accessible and convenient for Indian consumers.