VinFast Auto India, the Indian subsidiary of global electric vehicle manufacturer VinFast, has signed a strategic Memorandum of Understanding (MoU) with the Central Bank of India (CBI) to expand access to EV financing solutions for customers across the country.
This partnership is aimed at making electric vehicle ownership more affordable and accessible by offering retail financing support for VinFast’s customers through its exclusive dealer network. The move underscores VinFast’s commitment to accelerating EV adoption in India while also aligning with the government’s sustainable mobility and green finance initiatives.
Key Benefits of the Partnership
Under the collaboration, the Central Bank of India will provide:
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Attractive interest rates on EV loans
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Flexible repayment options tailored for customers
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Zero processing fees and exclusive loan offers
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Priority banking services with dedicated support representatives stationed at VinFast showrooms
With over 4,552 branches and 21,000+ touchpoints nationwide, CBI’s wide network will help VinFast reach customers across urban and rural markets, thereby enhancing its market penetration.
Leadership Perspectives
Speaking about the partnership, Pham Sanh Chau, CEO of VinFast Asia, said:
“This collaboration with the Central Bank of India will play a vital role in expanding VinFast’s footprint in India. By combining VinFast’s global EV expertise with CBI’s strong customer network and credibility, we are making EV ownership more convenient and affordable for Indian buyers.”
Echoing this vision, Vivek Wahi, Executive Director, Central Bank of India, stated:
“Sustainable mobility is crucial to India’s clean energy and net-zero goals. Through this partnership, we are not only supporting EV adoption but also reinforcing our commitment to environmental sustainability and green finance.”
Driving EV Growth in India
The MoU will also support financing for VinFast’s upcoming EV models, including the VF 6 and VF 7, strengthening its product portfolio in the Indian market. This partnership is expected to accelerate EV adoption, promote clean mobility, and provide customers with seamless access to affordable finance options.
By leveraging CBI’s reach and VinFast’s cutting-edge EV technology, the collaboration sets the stage for greater EV penetration in India’s rapidly growing automotive sector, helping the country move closer to its sustainable transport vision.
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