VinFast India Partnered With Bank Of Baroda For Dealer Financing (Press Release) | V3Cars

Here’s what VinFast India have to say about the financing partnership:

Under the dealer finance tie-up, Bank of Baroda will extend INR 200 crore in financing to VinFast dealers on flexible terms. The collaboration enables VinFast to leverage Bank of Baroda’s extensive pan-India branch network and digital platforms to reach customers across both urban and emerging markets. It also aligns with the company’s broader objective of accelerating the adoption of sustainable transportation solutions in India, one of the fastest-growing electric vehicle markets globally.

The memorandum of understanding was signed by Mr. Pham Sanh Chau, CEO of VinFast Asia, along with Mr. Madhur Kumar, Chief General Manager – MSME Banking, Co-Lending, and Supply Chain Finance, and Mr. D. Ananda Kumar, General Manager, Supply Chain Finance, Bank of Baroda, at the Baroda Corporate Centre in Mumbai.

Commenting on the partnership, Mr. Pham Sanh Chau, CEO of VinFast Asia, said:

 

“The shift to electric mobility succeeds when customers and dealers have the right tools and support. Our partnership with Bank of Baroda is a step towards building that ecosystem, providing hassle-free financing solutions that make it easier for dealers to manage inventory. By working together, we are ensuring a smoother ownership experience and making EV adoption more reassuring for our customers, while advancing India’s path toward greener transportation.”

Mr. Madhur Kumar, Chief General Manager – MSME Banking, Co-Lending, and Supply Chain Finance, Bank of Baroda, stated:

 

“As EV adoption accelerates, access to financing will play a vital role in driving this transition. Our collaboration with VinFast will offer dealers convenient credit solutions tailored to its premium EV lineup, reflecting the Bank’s broader commitment to sustainability. Such partnerships also help us empower our customers to achieve their green mobility aspirations with ease.”

After just one year of presence in India, VinFast has steadily established itself in the electric vehicle market through a long-term development strategy, a premium product portfolio, and the creation of a comprehensive electric vehicle ecosystem encompassing manufacturing, retail, charging infrastructure, and after-sales services. With a strong focus on innovation, sustainable development, and a user-centric approach, VinFast continues to contribute to the transition toward green mobility and the long-term growth of India’s automotive industry.

Also Read: Hyundai i20 Era Variant Returns With A Price Tag Of Rs. 5.99 Lakh
Volkswagen Open Bookings For 2026 Tayron R-Line; Launch Soon

Helpful Links:

Fuel Cost Calculator for Cars – Know your monthly fuel expense based on usage and mileage

Car On-Road Price Calculator – Convert ex-showroom to on-road price for any city

Sell Used Car Online – Enter your car and contact details to get an instant price estimate and book a free inspection with our partner network