VinFast India signs MoU with Federal Bank Limited to strengthen dealer financing ecosystem.

Key facts

• VinFast India, the Indian subsidiary of global electric vehicle manufacturer VinFast, signed a Memorandum of Understanding (MoU) with Federal Bank Limited for dealer inventory financing solutions.
• Federal Bank will provide customized inventory financing to VinFast India's authorised dealer network to optimize working capital, maintain healthy vehicle inventory, and respond efficiently to customer demand.
• The MoU was signed by Tapan Ghosh, CEO of VinFast Asia, and Krumkum Jain, Additional SVP of Federal Bank Limited.
• VinFast India has opened its 60th 3S dealership in the country and is on track to establish 75 dealerships in India by the end of 2026.
• Federal Bank Limited had total business of INR 5.97 lakh crore as of 30 June 2026, with over 1,600 banking outlets.
• Federal Bank Limited also has representative offices in Dubai and Abu Dhabi and an IFSC Banking Unit at GIFT City.