Overview
On 23 June 2026, in Gurugram, Haryana, VinFast India – the Indian subsidiary of Vietnam‑based EV maker VinFast (NASDAQ: VFS) – entered into a strategic Memorandum of Understanding (MoU) with Shriram Finance Limited (SFL), one of India’s largest retail‑focused non‑bank financial companies. The agreement aims to broaden consumer access to financing for VinFast’s electric vehicle portfolio across the country.
Financing Terms
Under the MoU, prospective VinFast customers will be eligible for financing covering up to 100 % of the on‑road price of the vehicle. Shriram Finance will offer attractive interest rates and flexible repayment structures tailored to the EV segment, thereby simplifying ownership and encouraging adoption.
Shriram Finance Capabilities
Shriram Finance brings a pan‑India presence comprising more than 3,000 branches and a customer base exceeding 9 million individuals and businesses. Its expertise spans vehicle and MSME lending, with dedicated segments for EV vehicle financing, EV ecosystem development, and solar financing. The partnership aligns with Shriram’s green finance initiatives and its vision of supporting cleaner mobility solutions.
Executive Statements
The MoU was signed by Mr. Tapan Ghosh, Chief Executive Officer of VinFast India, who emphasized that “India’s transition to electric mobility will be shaped not just by strong products, but by the strength of the ecosystem that supports them,” and highlighted the role of financing in removing adoption barriers. Mr. Nandagopal R., President & National Business Head – Shriram Green Finance, remarked that the collaboration “marks an important step towards strengthening sustainable mobility solutions in India” and reflects a shared vision to accelerate EV uptake.
Strategic Context
The announcement follows VinFast’s recent launch of the VF MPV 7, its first electric multi‑purpose vehicle, signalling the company’s entry into the MPV segment and its broader push to expand distribution and dealership networks in India. VinFast’s product lineup now includes electric SUVs, e‑scooters, and e‑buses, and the firm is pursuing rapid global expansion across North America, Europe, the Middle East, and Asia.
Anticipated Impact
By combining VinFast’s EV offerings with Shriram Finance’s extensive financing infrastructure, the partnership is positioned to enhance financing accessibility, a key enabler of EV adoption, and to support the development of a robust green mobility ecosystem in India.