VinFast India, the Indian subsidiary of global electric vehicle manufacturer VinFast, has signed a strategic memorandum of understanding (MoU) with Shriram Finance Ltd (SFL), one of India’s largest retail-focused non-banking financial companies (NBFCs), to enhance access to vehicle financing and support the wider adoption of electric mobility in the country.
Financing support for EV buyers
Under the partnership, prospective VinFast customers will have access to 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. The initiative is aimed at simplifying EV ownership and accelerating electric vehicle adoption.
Leveraging Shriram Finance’s nationwide reach
The collaboration will enable VinFast to leverage Shriram Finance’s extensive pan-India presence, vehicle financing expertise and strong customer base across urban, rural and semi-urban markets.
Shriram Finance serves more than 9 million customers through a nationwide network of over 3,000 branches. Through its green finance initiatives, the company shares VinFast’s vision of accelerating the transition towards cleaner and more sustainable mobility solutions in India.
Strengthening the EV ecosystem
VinFast India CEO Tapan Ghosh said, “India’s transition to electric mobility will be shaped not just by strong products, but 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 accessibility and enabling a smoother ownership experience for our customers across markets.”
Shared focus on sustainable mobility
Shriram Green Finance President & National Business Head Nandagopal R said, “We are pleased to collaborate with VinFast through this strategic MoU, which marks an important step towards strengthening sustainable mobility solutions in India. This association reflects our shared vision to accelerate EV adoption and support the development of a stronger green mobility ecosystem across the country.”
Building momentum in India
As VinFast continues to strengthen its footprint in India, the partnership marks another step in the company’s efforts to build a robust EV ecosystem that supports the country’s transition towards sustainable mobility.
Following the recent launch of the VF MPV 7, which marked VinFast’s entry into the electric MPV segment, the company has continued to build momentum through strategic initiatives aimed at improving accessibility and ownership convenience.
Focus on ownership convenience
Alongside financing partnerships, VinFast is also pursuing initiatives such as assured resale value and structured buyback programmes. The company said these efforts are designed to make electric mobility more practical, accessible and convenient for Indian consumers.