Gurugram, Haryana, India | 29th September 2025: VinFast Auto India, a subsidiary of the global electric vehicle (EV) manufacturer VinFast, has signed a Memorandum of Understanding (MoU) with the State Bank of India (SBI), the nation’s largest bank, to provide inventory financing solutions for its exclusive dealer network.
Dealer Financing Benefits for VinFast Partners
Under this strategic collaboration, SBI will extend customized dealer finance facilities to VinFast’s authorized dealer network, offering:
- Attractive interest rates
- Flexible repayment options
- Tailored credit solutions
This partnership aims to empower VinFast dealers with greater financial flexibility, enabling them to scale operations and deliver a seamless experience to EV buyers.
Expanding EV Ecosystem Through Strategic Partnerships
By leveraging SBI’s extensive pan-India presence and robust digital platforms, VinFast will be able to enhance its reach across urban centers and emerging markets. The agreement aligns with VinFast’s long-term vision of accelerating sustainable mobility in India, one of the world’s fastest-growing EV markets.
The MoU was signed by:
- Mr. Pham Sanh Chau, CEO of VinFast Asia
- Mr. Anindya Sunder Paul, Deputy Managing Director, SBI
- Mr. Debasis Mohanty, General Manager (SME & SCF), SBI
Leadership Insights
Mr. Pham Sanh Chau, CEO of VinFast Asia, emphasized the importance of the collaboration:
“At VinFast, we believe a strong EV ecosystem relies on engaged customers and empowered dealers. Our partnership with SBI provides our dealer network with seamless access to financing, creating a robust backbone for growth and helping accelerate India’s electric mobility journey.”
Echoing this sentiment, Mr. Anindya Sunder Paul, Deputy Managing Director, SBI, stated:
“As EV adoption accelerates, access to financing will be a key enabler. This collaboration with VinFast reflects our commitment to supporting sustainable mobility while empowering customers to achieve their green transportation goals.”
Strengthening VinFast’s India Footprint
VinFast recently introduced its premium VF 6 and VF 7 electric SUV models in India. This financing tie-up with SBI underscores the brand’s commitment to building a strong, customer-centric EV ecosystem while positioning itself as a leading player in India’s electric vehicle market.
