Gurugram, Haryana, India | 25th September 2025: VinFast Auto India, the Indian subsidiary of global EV manufacturer VinFast, has signed a strategic Memorandum of Understanding (MoU) with the Central Bank of India (CBI), one of the country’s largest nationalized banks. The collaboration is designed to provide customers with exclusive retail car financing solutions across VinFast’s authorized dealer network, making electric vehicle (EV) ownership easier and more affordable.
Tailored Financing for EV Buyers
Under this partnership, customers can access a wide range of attractive credit benefits, including:
- Competitive interest rates
- Flexible repayment options
- Zero processing fees
- Exclusive financing offers
- Priority banking services
To enhance convenience, dedicated CBI representatives will be stationed at VinFast showrooms to provide on-site financing assistance, ensuring a seamless purchase journey for EV buyers across India.
Expanding EV Accessibility Across India
With 4,552 branches and more than 21,000 touchpoints, the Central Bank of India brings unmatched reach to support VinFast’s expansion in both metro and emerging markets. The alliance aligns with VinFast’s mission to accelerate sustainable mobility adoption in India—currently one of the fastest-growing EV markets worldwide.
Mr. Pham Sanh Chau, CEO of VinFast Asia, emphasized:
“Our collaboration with the Central Bank of India is a milestone in building VinFast’s presence in the Indian market. With CBI’s credibility and vast reach, combined with our premium EV portfolio, we can make clean mobility more accessible to both urban and rural customers.”
Central Bank of India’s Green Finance Commitment
Highlighting the bank’s commitment to sustainability, Shri Vivek Wahi, Executive Director of CBI, said:
“As India moves towards its Net Zero vision, clean energy and innovative finance will be key drivers. Our alliance with VinFast strengthens our eco-friendly initiatives. As of June 2025, our green portfolio stands at ₹4,200 crore, and we aim to extend ₹1,600 crore in green finance during FY 2025–26.”
Strengthening VinFast’s India Growth Strategy
The partnership comes at a pivotal time as VinFast launches its VF 6 and VF 7 electric SUVs in India. It also follows the recent inauguration of VinFast’s EV assembly plant in Tamil Nadu, a major milestone in the company’s long-term investment and growth strategy.
By integrating innovative EV models, flexible financing solutions, and localized manufacturing, VinFast is positioning itself as a key player in India’s evolving electric mobility landscape.
