VinFast Partners with Shriram Finance to Boost Electric Vehicle Adoption in India Through Flexible Financing Solutions

The Memorandum of Understanding was signed in Gurugram by Mr. Tapan Ghosh, Chief Executive Officer of VinFast India, and Mr. Nandagopal R., President and National Business Head of Shriram Green Finance. The collaboration is aimed at making electric vehicle ownership more accessible by offering customers customized financing solutions across VinFast's product portfolio.

Under the agreement, prospective VinFast customers will have access to financing options that include up to 100 percent on-road funding, attractive interest rates and flexible repayment plans. The partnership is expected to simplify the purchase process and encourage faster adoption of electric vehicles in the Indian market.

The collaboration will also allow VinFast to benefit from Shriram Finance's extensive presence across the country, its long-standing expertise in vehicle financing and its strong customer network spanning urban, rural and semi-urban regions.

Shriram Finance is among India's largest retail-focused non-banking financial companies, serving more than nine million customers through a network of over 3,000 branches. In addition to traditional lending services, the company has expanded its green finance initiatives, focusing on electric vehicle financing, development of the electric vehicle ecosystem, sustainable transportation and renewable energy solutions. These initiatives align closely with VinFast's vision of promoting cleaner and more sustainable mobility across India.

Mr. Tapan Ghosh, Chief Executive Officer of VinFast India, said that India's transition to electric mobility will be driven not only by strong products but also by the ecosystem supporting them. He stated that the partnership with Shriram Finance reflects VinFast's continued efforts to remove barriers to electric vehicle adoption by improving financing accessibility and delivering a smoother ownership experience for customers across different markets.

Mr. Nandagopal R., President and National Business Head of Shriram Green Finance, said the strategic partnership marks an important step towards strengthening sustainable mobility solutions in India. He added that the association reflects the shared vision of both companies to accelerate electric vehicle adoption and contribute to the development of a stronger green mobility ecosystem across the country.

VinFast has been steadily expanding its presence in India and considers the partnership another key milestone in building a robust electric vehicle ecosystem. Following the recent launch of the VF MPV 7, which marked the company's entry into the electric multi-purpose vehicle segment, VinFast has been pursuing several strategic initiatives designed to improve accessibility and ownership convenience.

Apart from expanding financing accessibility, the company has also introduced measures such as assured resale options and structured buyback programmes to make electric mobility more practical and convenient for consumers.

VinFast, listed on the NASDAQ under the symbol VFS, is a subsidiary of Vingroup Joint Stock Company, one of Vietnam's largest conglomerates. Operating as a pure electric vehicle manufacturer, the company offers a diverse portfolio comprising electric sport utility vehicles, electric scooters and electric buses. VinFast is currently focusing on global expansion by strengthening its distribution and dealership network and increasing manufacturing capacity across key markets in North America, Europe, the Middle East and Asia.

Shriram Finance Limited remains one of India's leading retail non-banking financial companies with decades of experience in commercial vehicle financing, passenger vehicle financing, micro, small and medium enterprise lending, electric vehicle financing, electric vehicle ecosystem development and solar financing solutions. With its wide customer base, extensive distribution network and deep market understanding, the company is positioned to play a significant role in supporting India's transition towards cleaner and greener mobility.

The partnership between VinFast India and Shriram Finance represents a significant step in strengthening the country's electric mobility ecosystem. By combining advanced electric vehicle offerings with accessible financial solutions, both companies aim to accelerate sustainable transportation and make electric mobility more practical for consumers across India.