VinFast Auto India, a subsidiary of Vietnamese electric vehicle (EV) brand VinFast, has signed a memorandum of understanding (MoU) with Central Bank of India (CBI), one of the nation’s largest banks, to provide retail car financing through its exclusive dealer network.
The agreement aims to offer a seamless suite of credit solutions, VinFast said in a statement on last Thursday.
Under the agreement, customers will enjoy tailored financing solutions, including attractive interest rates, flexible repayment options, zero processing charges, exclusive offers and priority services—applicable across VinFast’s entire product portfolio.
By leveraging Central Bank of India’s vast network of 4,552 branches and over 21,000 touchpoints nationwide, VinFast aims to extend its reach into both urban centers and emerging markets.
This partnership aligns with the firm’s broader mission to accelerate the adoption of sustainable mobility solutions in India—one of the fastest-growing EV markets globally.
This agreement also underscores VinFast’s commitment to simplifying the path to electric mobility for Indian consumers.
Through competitive financing options and seamless support, the firm seeks to enable more customers to experience its EVs at a time when electric mobility is rapidly expanding and becoming an integral part of the nation’s transportation future.
“Our collaboration with the CBI, the one of nation’s largest and most trusted nationalized bank, is a significant step in building a strong foundation for VinFast’s growth in India,” said Pham Sanh Chau, Chief Executive Officer of VinFast Asia.
“CBI’s unmatched reach and credibility, combined with our premium EV portfolio, will make VinFast vehicles more accessible to customers across urban and rural markets,
“This partnership will not only offer convenient and competitive financing solutions, but also extend the brand’s presence to a broader audience, enabling a seamless and holistic EV ownership journey,” he added.
Shri Vivek Wahi, Executive Director, CBI, said as India marches towards Net Zero Emission vision, clean energy and innovative finance will be one of the driving forces towards the Net Zero Emission.
“Our alliance with VinFast reinforces our commitment to environmental-friendly clean energy initiative leading to expansion of eco-friendly electric cars,
“The bank is expanding fast in cleaner energy initiative with an overall green portfolio of ₹4,200 crore as of June 2025,” he said.
According to him, as of August 2025, the bank has mobilized over ₹295 crore under its Green Deposit segment and plan to extend ₹1,600 crore in green finance during FY 2025–26.
“This alliance is a step ahead to the cleaner India dreams,” he added.
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.
VinFast has also recently inaugurated its EV assembly plant in Tamil Nadu, marking a significant milestone in its long-term growth strategy, said the statement.
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