In a significant push to accelerate electric mobility adoption in India, VinFast Auto India has entered into a strategic partnership with the Central Bank of India (CBI) to provide retail car financing across its dealership network.
The collaboration, formalized through a Memorandum of Understanding (MoU), will allow customers to access tailored financing solutions—including competitive interest rates, flexible repayment terms, zero processing fees, and exclusive offers—across VinFast’s entire EV portfolio. To enhance convenience, dedicated CBI representatives will be available at VinFast showrooms for on-site support.
Leveraging CBI’s vast footprint of 4,552 branches and over 21,000 touchpoints, VinFast aims to strengthen its reach across both urban and emerging markets. The move aligns with the company’s mission of making electric vehicles more accessible and supporting India’s fast-growing EV market.
“Our collaboration with the Central Bank of India, one of the nation’s most trusted banks, is a significant step in building a strong foundation for VinFast’s growth in India,” said Pham Sanh Chau, CEO of VinFast Asia. “This partnership ensures seamless and competitive financing solutions while extending our EV portfolio to a wider audience.”
Vivek Wahi, Executive Director of CBI, emphasized the bank’s role in India’s clean energy transition: “As India marches towards its Net Zero vision, our alliance with VinFast reinforces our commitment to eco-friendly initiatives. With a green finance portfolio already at ₹4,200 crore, this partnership is another step towards cleaner, sustainable mobility.”
The tie-up comes as VinFast expands its India operations with the launch of the VF 6 and VF 7 models and the inauguration of its new EV assembly plant in Tamil Nadu, signaling the brand’s strong long-term commitment to the Indian market.
