The Memorandum of Understanding was signed in Gurugram by Mr. Tapan Ghosh, Chief Executive Officer of VinFast India, and Mr. Narendra Kamath, Chief Operating Officer of SME Finance at Tata Capital. Mr. Soumitra Das, Business Head of Supply Chain Finance at Tata Capital, was also present during the signing ceremony.
Under the agreement, VinFast's dealer partners will gain access to customized financing solutions designed to address working capital requirements, inventory management, and network expansion. The partnership combines VinFast's rapidly expanding dealer network with Tata Capital's extensive financial expertise and nationwide presence.
Tata Capital, a leading non-banking financial company, offers a wide range of financing and credit services that complement conventional banking solutions. The company serves approximately 7.7 million customers through a diversified portfolio of financial products and a network of nearly 1,500 branches across the country.
By utilizing Tata Capital's branch network, digital capabilities, and financing expertise, VinFast aims to strengthen its dealer ecosystem and support its continued growth across India. The collaboration also aligns with the company's broader objective of accelerating the adoption of sustainable transportation solutions in one of the fastest-growing electric vehicle markets in the world.
Mr. Tapan Ghosh, Chief Executive Officer of VinFast India, said that the company was pleased to collaborate with Tata Capital, one of the country's most trusted financial services providers. He stated that the partnership reflected the shared commitment of both companies towards advancing electric mobility in India. According to him, the collaboration would enable VinFast to offer comprehensive financing solutions to its dealer network, enhancing accessibility, operational efficiency, and long-term growth. He added that Tata Capital's strong nationwide presence and financial expertise would play a significant role in improving the ownership experience for customers and dealer partners.
Mr. Narendra Kamath, Chief Operating Officer of SME Finance at Tata Capital, said that India's shift towards electric mobility was gaining strong momentum, creating demand for innovative and scalable financing solutions. He stated that the partnership with VinFast would empower dealers with tailored financial support to promote business growth and operational efficiency. He added that both organizations were committed to strengthening the electric vehicle ecosystem and accelerating the adoption of sustainable mobility throughout the country.
Expanding access to financial solutions for customers and dealer partners forms an important part of VinFast's strategy to establish a comprehensive electric vehicle ecosystem in India. Along with an expanding portfolio comprising the VF 6, VF 7, and VF MPV 7 models, the company has introduced several initiatives aimed at making electric vehicle ownership more affordable and convenient. These include assured resale value programs and the recent extension of its free charging initiative across the V-Green charging network until March 31, 2029.
VinFast, listed on the NASDAQ stock exchange under the symbol VFS, is a subsidiary of Vingroup JSC, one of Vietnam's largest conglomerates. The company is a dedicated electric vehicle manufacturer with a mission to make electric mobility accessible to everyone. Its portfolio currently includes electric sport utility vehicles, electric scooters, and electric buses.
The company is pursuing its next phase of growth through the rapid expansion of its distribution and dealership network globally while increasing manufacturing capacities with a focus on key markets across North America, Europe, the Middle East, and Asia.
Tata Capital Limited provides financial services to retail, housing, small and medium enterprises, and corporate customers through a network of more than 1,500 branches across India. Its offerings include consumer finance, housing finance, commercial finance, clean technology finance, microfinance, debt syndication, private equity, and credit cards.
The strategic partnership between VinFast India and Tata Capital marks a significant step in strengthening the country's electric vehicle ecosystem. By combining advanced mobility solutions with strong financial support, both companies are positioning themselves to accelerate electric vehicle adoption and support the growing demand for sustainable transportation across India.
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