VinFast India taps Shriram Finance for up to 100% on-road EV financing
VinFast India has signed an MoU with Shriram Finance to offer up to 100% on-road financing on its EV portfolio, leveraging the NBFC's pan-India urban, semi-urban and rural network to broaden access and accelerate EV ownership.
What happened
VinFast India signed an MoU with Shriram Finance to offer up to 100% on-road EV financing, leveraging the NBFC's pan-India urban, rural and semi-urban network
Key facts
- 100% on-road funding
Why this matters
The MoU template is replicable—expect rival OEMs to lock in similar NBFC tie-ups, making captive-finance partnerships a near-term competitive necessity rather than a differentiator in India's EV land grab.