VinFast Ties Up with Central Bank of India to Boost EV Ownership

By siliconindia | Friday, 26 September 2025, 03:12 Hrs

VinFast and Central Bank of India offer easy EV loans.
Over 4500 bank branches will support nationwide buyers.
The deal aims to boost EV adoption and green mobility.

VinFast Auto India has teamed up with the Central Bank of India (CBI) to make owning an electric vehicle easier for Indian customers. This new partnership will provide affordable and flexible car loans across VinFast’s exclusive dealer network.

As part of the agreement, buyers can access tailored loan solutions with low interest rates, flexible repayment options, zero processing fees, and exclusive offers. CBI will also place dedicated staff at VinFast showrooms to help customers with on-the-spot financing, making the process smoother and faster.

With CBI’s vast presence over 4,500 branches and 21,000 service touchpoints, VinFast aims to reach customers not just in big cities, but also in smaller towns and rural areas. This step is part of VinFast’s larger goal to speed up the adoption of electric mobility in India.

The MoU was officially signed by VinFast Asia CEO Mr. Pham Sanh Chau and CBI’s General Manager Mr. Vivek Kumar. Senior bank executives were also present.

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Speaking on the partnership, Mr. Chau said the tie-up with a trusted bank like CBI will help make VinFast’s premium EVs more accessible. Mr. Vivek Wahi, Executive Director at CBI, added that this move supports India's clean energy goals and strengthens their green finance mission.

This collaboration comes at a time when VinFast is launching its VF 6 and VF 7 models and has just opened an EV assembly plant in Tamil Nadu, showing its strong commitment to the Indian market.