EV Financing Made Easy: VinFast India and Central Bank of India Join Hands
National: VinFast Auto India, a subsidiary of global EV brand VinFast, has signed a Memorandum of Understanding (MoU) with Central Bank of India (CBI) to provide retail car financing through its exclusive dealer network. This partnership aims to offer a seamless suite of credit solutions, making electric vehicle ownership more accessible and convenient for Indian consumers.
Key Benefits of the Partnership
The agreement includes tailored financing solutions with attractive interest rates, flexible repayment options, zero processing charges, exclusive offers, and priority services applicable across VinFast’s entire product portfolio. Dedicated CBI representatives will be available at all VinFast showrooms to provide on-site support. 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.
Commitment to Sustainable Mobility
This partnership aligns with VinFast’s broader mission to accelerate the adoption of sustainable mobility solutions in India, one of the fastest-growing EV markets globally. According to Pham Sanh Chau, CEO of VinFast Asia, “Our collaboration with the Central Bank of India is a significant step in building a strong foundation for VinFast’s growth in India.” Vivek Wahi, Executive Director, Central Bank of India, emphasized the bank’s commitment to environmental-friendly clean energy initiatives, with an overall green portfolio of ₹4,200 crore as of June 2025 and plans to extend ₹1,600 crore in green finance during FY 2025-26.
Accelerating EV Adoption
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.
