VinFast-ICICI: VinFast India recently declared a strategic alliance with ICICI Bank. To provide end-to-end financing solutions specially designed for EV customers and dealers. The partnership is an important milestone towards making high-end electric vehicles easily accessible. To Indian consumers and driving the growth of EV penetration in the country.
VinFast-ICICI: Overview of the Partnership and Important Information
- The official Memorandum of Understanding (MoU) was signed on 16 September 2025.
- It bridges VinFast’s range of electric SUVs with ICICI Bank’s deep financial capabilities.
- The tie-up is for retail customer loans as well as dealer financing schemes.
- Aimed at making the EV buying process easier and seamless, it provides new-age credit packages.
Customer and Dealer Financing Features
VinFast and ICICI Bank’s tie-up consists of the following customer-focused features:
- 100% financing on-road for VinFast electric SUVs
- Interest rates competitive with flexible repayment tenures
- Dedicated ICICI Bank relationship managers present at VinFast dealerships for live assistance
- Digital procedures for quicker loan approvals and disbursements
- Financing solutions that promote ease of ownership as per EV incentives
For dealerships, ICICI Bank’s financing support will assist in increasing inventory. Enhancing sales capability, contributing to VinFast India’s aggressive network expansion.
Pham Sanh Chau, CEO, VinFast Asia, emphasized the partnership’s consumer impact: “Our goal is to make owning a VinFast electric vehicle effortless and excite our customers about switching to clean mobility. Working with ICICI Bank brings crucial financial flexibility and convenience into this journey.”
About VinFast India Electric SUV Launch
VinFast launched a big bang in the Indian EV market on September 6, 2025. Bringing in two premium electric SUVs:
- VF6: It comes with a 59.6 kWh battery, advanced driver assistance, and a panoramic glass roof.
- VF7: It boasts a bigger 70.8 kWh battery, connected car technology, and premium design.
Both the models are locally made at the company’s Thoothukudi factory in Tamil Nadu. Reflecting VinFast’s resolve towards ‘Make in India’ and India’s EV growth story.
VinFast-ICICI: Increasing EV Availability Across India
Utilizing ICICI Bank’s extensive branch network and digital strengths. VinFast will target customers beyond the top metros to the evolving cities. At present, the company has 32 dealerships in 27 cities under 13 partnerships, with the intention to expand its presence.
ELCTRIK Speaks
This partnership of VinFast India with ICICI Bank tackles one of the key hindrances. To EV take-up funding through offering specific, easy-to-pursue credit offers. It is part of VinFast’s overall $2 billion bet on India’s EV sector. Further aligning with the company’s emphasis on sustainable mobility and consumer convenience. VinFast’s emphasis on end-to-end financing solutions with a trusted banking partner such as ICICI. It will encourage a further wave of Indian customers to switch to electric, driving the country toward cleaner mobility.
