VinFast India has signed a Memorandum of Understanding (MoU) with CSB Bank to offer comprehensive financing solutions for electric vehicles (EVs), marking a significant step toward accelerating EV adoption in India.
The partnership will provide both retail and dealer financing, covering VinFast’s upcoming premium electric SUVs, the VinFast VF 6 and VinFast VF 7. Customers can avail benefits such as up to 100% on-road funding, competitive interest rates, flexible repayment options, and a streamlined loan approval process.
As part of the collaboration, CSB Bank will deploy dedicated relationship managers at VinFast dealerships to assist customers with financing, ensuring a seamless purchase experience. The bank’s extensive branch network across India will further help expand access to EV financing in both urban and emerging markets.
Speaking on the development, Tapan Ghosh emphasized that affordability and accessibility are key to scaling electric mobility in India. He noted that simplifying ownership through flexible financial solutions is essential to driving wider EV adoption.
Echoing similar sentiments, Narendra Dixit stated that the collaboration aims to support both customers and dealers through tailored auto loans and inventory financing, strengthening the overall EV ecosystem.
The partnership aligns with VinFast’s broader strategy to establish a strong presence in India, the world’s third-largest automotive market. The company is already investing in an assembly plant in Tamil Nadu and expanding its dealership and service network nationwide.
In addition to financing initiatives, VinFast is rolling out multiple customer-centric programs to reduce barriers to EV ownership. These include assured resale value schemes, transparent buyback options, and an extended free charging program across its V-Green network until March 31, 2029. The company is also promoting its “Trade Gas for Electric” campaign, offering incentives to customers switching from conventional fuel vehicles.
Both the VF 6 and VF 7 models have received 5-star Bharat NCAP safety ratings, further strengthening VinFast’s value proposition in the Indian EV market. The automaker plans to introduce more models in 2026 to cater to diverse consumer needs.
With this partnership, VinFast and CSB Bank aim to create a robust financial ecosystem that supports the growing demand for electric mobility in India while making EV ownership more accessible and convenient for customers.
