VinFast India Partners With Central Bank of India to Boost EV Accessibility

​VinFast India is gearing up to boost the Indian economy by promoting sustainable electric mobility on a large scale. The brand has recently signed a special Memorandum of Understanding (MoU) with the Central Bank of India (CBI) to provide retail car financing through its exclusive dealer network. This agreement is poised to offer a seamless suite of credit solutions.

The newly signed Memorandum of Understanding (MoU) is designed to centralize financing solutions, which also include attractive interest rates, flexible repayment options, zero processing charges, and exclusive offers with priority services. Through this new alliance, VinFast is poised to make electric vehicle ownership more accessible to millions. This collaboration is designed to break down barriers, offering easy credit options and prioritizing seamless customer experiences.

Strategic Partnership for Seamless EV Financing

According to the brand, with this MoU, VinFast will be able to give benefits to its reputable customers. Easy EMI options will be available across the entire VinFast portfolio. With this financial initiative, the brand will be able to provide better loan eligibility to its customers for its electric cars, the VF6 and VF7.

While applying for a car loan for VinFast cars, the bank will provide attractive interest rates and a flexible repayment schedule with zero processing fees. Central Bank of India will deploy dedicated representatives at all VinFast showrooms, ensuring Indian consumers enjoy comprehensive support and a transparent EV ownership journey at every touchpoint.

Leadership Endorsements and Vision

The MoU was formally signed by Mr. Pham Sanh Chau and Mr. Vivek Kumar, General Manager, Retail Assets Department, Central Bank of India, in the presence of Central Bank of India Executive Directors: Mr. Vivek Wahi, Mr. MV Murali Krishna, and Mr. Mahendra Dohare.

Speaking about the partnership deal, Mr. Pham Sanh Chau, CEO of VinFast, said, “Our collaboration with the Central Bank of India is a significant step in building a strong foundation for VinFast’s growth in India. This partnership will not only offer convenient and competitive financing solutions but also extend the brand’s presence to a broader audience, enabling a seamless and holistic EV ownership journey.”

Also Read:VinFast India Partners With ICICI Bank To Provide Easy EV Finance Solutions

Expanding Reach Through Robust Networks

VinFast had previously partnered with State Bank of India and HDFC Bank to provide easy financial solutions to buy the electric cars in India. Now signing a memorandum with the Central Bank of India, the brand is poised to leverage the Central Bank of India with extensive distribution of over 4,552 branches and 21,000+ touchpoints across the country.

VinFast looks to penetrate not just urban locales but also emerging markets across the country. This move directly aligns with VinFast’s mission of making sustainable mobility accessible, catering to both metropolitan and rural aspirants eager to transition to electric vehicles. Through competitive financing options, VinFast seeks to enable more customers to experience its EVs at a time when electric vehicles are expanding rapidly and becoming an integral part of the nation’s transportation future.

Enabling India’s Net Zero Vision

The partnership is strategically timed as India accelerates its efforts to achieve net zero emissions. The Central Bank of India is deepening its commitment to EVs by expanding its clean energy portfolio valued at Rs 4,200 crore as of June 2025 and setting fresh targets to inject Rs 1,600 crore in green loans during FY 2025-26.

CarBike360 Says

With this new partnership, VinFast Auto India is poised for robust growth, championing EV adoption across consumer segments while supporting the government’s sustainability mandate. By integrating competitive financing, strategic dealership expansion, and local manufacturing.