Press Release, 18 September 2025
Imagine finally walking into an EV showroom, seeing your dream car—say the sleek VF6 or bold VF7 from VinFast—and knowing you don’t have to worry about confusing financing, interest rates that bleed you dry, or whether you can “afford” EV ownership. Thanks to a new partnership between VinFast Auto India and ICICI Bank, that scenario is becoming reality.
Why This Deal Matters More Than You Think
India is moving fast toward electric vehicles (EVs). But one big hurdle has always stood in the way: affordable, accessible financing. VinFast’s MoU with ICICI Bank tackles that head on, offering credit options that many buyers only dream of:
- 100% on-road financing — no extra charges hiding behind showroom gloss.
- Attractive interest rates and flexible repayment plans — so monthly EMIs can be realistic, not overbearing.
- Priority services and dedicated ICICI reps at all VinFast showrooms — better support, clearer guidance.
And it’s not just for buyers—
- Dealers also benefit via inventory financing, which means they can stock the new VF6 and VF7 models without being cash-strapped.
- Reach across India widened, leveraging ICICI Bank’s vast branch network and digital platforms to tap both urban and emerging markets.
The People Behind the Partnership
“Driving home an electric vehicle should be an exciting and effortless journey, and accessible financing plays a vital role in making that possible. … Our goal is to create value not just at the point of purchase but throughout the entire ownership journey, while advancing a new era of mobility that is clean, convenient, and inclusive.”
— Pham Sanh Chau, CEO of VinFast Asia
“As EV adoption accelerates, access to financing will be key to driving this transition. Our collaboration with VinFast will provide customers with convenient credit options for its premium EV lineup and reflects the Bank’s broader commitment to helping customers achieve their green aspirations with ease.”
— Munish Gaur, Product Head – Vehicles, ICICI Bank
These voices reflect more than just marketing—they represent a shift in how EVs will be sold, supported, maintained, and experienced in India.
What This Means for You, the Buyer
| Benefit | Why It’s a Game Changer |
|---|---|
| Less upfront burden | 100% on-road funding reduces out-of-pocket expenses you’d face before driving off. |
| Lower financial risk | Flexible repayment options help match your cash flow—no more one-size-fits-all. |
| Transparent process | ICICI’s reps on site bring clarity—no more forms, fine print, or confusion. |
| More choices for EVs | With this kind of financing, more people can consider the VF6, VF7, or similar EVs. |
More Than Just a Deal: Bigger Impacts Across the Industry
- EV adoption gets a real boost when financing isn’t a barrier. This partnership could push many more consumers off the fence.
- Dealers can plan better inventory, knowing financing support is there. That helps reduce delays and stock shortages.
- Infrastructure & supply chains benefit when demand increases. More sales → more charging stations, service centers, aftermarket support.
- Environmental dividends: more EVs on the road means lower emissions, less oil dependency, small steps toward cleaner air in Indian cities.
What to Watch: VF6, VF7 & What Comes Next
VinFast recently launched the VF6 and VF7 electric SUVs in India, with prices starting around ₹16.49 lakh and ₹20.89 lakh respectively (ex-showroom).
These models mark VinFast’s serious entry into the Indian premium EV space. Combine that with this financing tie-up and its assembly plant setup in Tamil Nadu—and the stage is set for big disruption.
