VinFast Auto India, the local arm of the Vietnamese EV maker, has partnered with the State Bank of India (SBI) to roll out comprehensive financing solutions for its exclusive dealer network, aiming to accelerate the growth of electric mobility in India.
Under the Memorandum of Understanding (MoU), SBI will extend inventory financing on favorable terms, offering dealers attractive interest rates, flexible repayment options, and tailored credit solutions. The tie-up will also enable VinFast to tap into SBI’s extensive branch network and digital platforms, helping the brand expand across both urban and emerging markets.
The MoU was signed by Pham Sanh Chau, CEO of VinFast Asia, along with Anindya Sunder Paul, Deputy Managing Director of SBI, and Debasis Mohanty, General Manager (SME & SCF).
Pham Sanh Chau called the partnership a “crucial step” in empowering VinFast’s dealer ecosystem. “By working with one of India’s largest and most trusted banking institutions, we are creating a stronger financial backbone for our dealers, laying the foundation for a robust EV ecosystem,” he said.
SBI’s Anindya Sunder Paul highlighted the lender’s commitment to sustainable mobility. “As EV adoption accelerates, access to financing will play a vital role in this transition. Our collaboration with VinFast will empower customers to achieve their green mobility aspirations with ease,” he noted.
The partnership comes shortly after VinFast launched its premium VF 6 and VF 7 electric SUVs in India, underscoring the company’s aggressive expansion strategy in one of the world’s fastest-growing EV markets.
