VinFast Auto India, a subsidiary of the global EV brand VinFast, has partnered with Central Bank of India (CBI) to provide retail car financing solutions to customers across India. The Memorandum of Understanding (MoU) was signed between the two companies, aiming to offer a seamless suite of credit solutions to make electric vehicle (EV) ownership more accessible and convenient for Indian consumers.
Under the agreement, customers will enjoy tailored financing solutions, including attractive interest rates, flexible repayment options, and zero processing charges. Dedicated CBI representatives will be available at all VinFast showrooms to provide on-site support. This partnership will enable VinFast to extend its reach into both urban centers and emerging markets, leveraging CBI’s vast network of 4,552 branches and over 21,000 touchpoints nationwide.
The partnership aligns with VinFast’s mission to accelerate the adoption of sustainable mobility solutions in India, one of the fastest-growing EV markets globally. VinFast aims to simplify the path to electric mobility for Indian consumers through competitive financing options and seamless support. The company has recently inaugurated its EV assembly plant in Tamil Nadu, marking a significant milestone in its long-term growth strategy.
VinFast’s CEO, Pham Sanh Chau, stated that the collaboration with CBI is a significant step in building a strong foundation for VinFast’s growth in India. CBI’s Executive Director, Vivek Wahi, emphasized the bank’s commitment to environmental-friendly clean energy initiatives, with a green portfolio of Rs. 4,200 crore as of June 2025. The alliance is expected to contribute to India’s Net Zero Emission vision and expand the adoption of eco-friendly electric cars.
As VinFast launches its VF 6 and VF 7 models, this agreement highlights the company’s ongoing efforts to establish a strong and customer-focused footprint in India. With its product lineup of electric SUVs, e-scooters, and e-buses, VinFast is poised to make EVs accessible to everyone. The company is currently expanding its distribution and dealership network globally, with a focus on key markets across North America, Europe, and Asia.