Gurugram, Haryana, India | 27th August 2025: VinFast Auto India, a subsidiary of global EV manufacturer VinFast, has signed a Memorandum of Understanding (MoU) with the State Bank of India (SBI), the country’s largest public sector bank, to provide convenient retail car financing solutions through its exclusive dealer network. This strategic collaboration comes ahead of VinFast’s much-anticipated EV launch in India, further strengthening the company’s commitment to making electric mobility more accessible.
Flexible EV Loan Solutions for Indian Buyers
Under the agreement, SBI will offer tailored financing schemes for VinFast customers, including:
- Competitive interest rates
- Flexible repayment options
- Up to 100% on-road funding
- Exclusive offers and priority banking services
Dedicated SBI representatives will also be present at VinFast showrooms to provide on-site assistance, ensuring a smooth and hassle-free EV ownership journey.
Expanding Reach Through SBI’s Extensive Network
By leveraging SBI’s robust 23,000+ branch network across India, VinFast will be able to reach customers in both urban and emerging markets, accelerating the adoption of sustainable transportation solutions. This partnership aligns with VinFast’s vision of building a strong EV ecosystem in one of the world’s fastest-growing electric vehicle markets.
Leaders Speak on the Partnership
Mr. Pham Sanh Chau, CEO of VinFast Asia, said:
“Our collaboration with the State Bank of India is a crucial step in making VinFast’s premium EVs more accessible across the country. SBI’s credibility and nationwide presence, combined with our world-class electric vehicle portfolio, will help us simplify EV ownership and extend our brand reach to diverse markets.”
Shri G. S. Rana, Deputy Managing Director, Retail-Personal Banking & Real Estate, SBI, added:
“As EV adoption accelerates in India, financing will play a pivotal role in driving this transition. Our partnership with VinFast supports our mission to build a 7.5% green portfolio by 2030 while providing customers with easy access to sustainable mobility solutions.”
Strengthening VinFast’s India Expansion
This agreement comes as VinFast prepares to launch its VF 6 and VF 7 models in India. The company has also recently inaugurated its EV assembly plant in Tamil Nadu, a milestone that underscores its long-term growth strategy and commitment to the Indian market.
Key Highlights of the VinFast–SBI Partnership:
- Exclusive EV financing solutions with attractive terms
- On-site banking support at VinFast showrooms
- Nationwide reach through SBI’s vast branch network
- Supports India’s push toward sustainable transportation
- Reinforces VinFast’s growing presence in the Indian EV industry
