Gurugram: VinFast India has signed a strategic Memorandum of Understanding with Shriram Finance Limited to improve access to financing solutions for electric vehicle buyers, as the Vietnamese EV maker looks to strengthen its presence in India’s growing clean mobility market.
The partnership is aimed at making EV ownership easier for prospective VinFast customers through tailored financing options from Shriram Finance, including up to 100% on-road funding, attractive interest rates and flexible repayment choices across VinFast’s product portfolio.
For VinFast, the agreement offers access to Shriram Finance’s broad customer base and nationwide reach, including urban, rural and semi-urban markets. For buyers, it could mean fewer financial speed-breakers on the road to electric mobility.
The MoU was signed by Tapan Ghosh, CEO, VinFast India, and Mr. Nandagopal R., President & National Business Head – Shriram Green Finance.
Tapan Ghosh, CEO, VinFast India, 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”
Nandagopal R., President & National Business Head – Shriram Green Finance, 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.”
Shriram Finance is one of India’s largest retail-focused non-banking financial companies, providing lending and credit solutions to more than 9 million customers through a network of over 3,000 branches. The company’s green finance initiatives align with VinFast’s stated ambition of supporting cleaner mobility solutions in India.
The agreement comes as VinFast continues to build its India operations through partnerships and customer-focused initiatives. The company recently launched the VF MPV 7, marking its entry into the electric MPV segment, and has been working on measures aimed at improving accessibility and ownership convenience.
VinFast said its broader India strategy includes financing collaborations, assured resale support and structured buyback programmes, all intended to make electric mobility more practical for Indian consumers.
As India’s EV market expands, financing is emerging as a key factor in adoption, especially beyond major metropolitan centres. VinFast’s tie-up with Shriram Finance reflects how EV manufacturers are increasingly looking beyond products alone and building the support systems needed to make electric vehicles a mainstream choice.
