MoU to provide competitive financing solutions across VinFast’s EV portfolio, supported by CBI’s nationwide network
Gurugram, September 26, 2025: VinFast Auto India, a subsidiary of global EV manufacturer VinFast, has signed a Memorandum of Understanding (MoU) with the Central Bank of India (CBI) to provide retail car financing through its exclusive dealer network. The collaboration will make electric vehicle ownership more accessible by offering tailored financing options across VinFast’s product range.
Under the agreement, customers can avail attractive interest rates, flexible repayment plans, zero processing charges, exclusive offers, and priority services. Dedicated CBI representatives will be stationed at VinFast showrooms to deliver on-site support, ensuring a seamless experience for prospective buyers.
Leveraging CBI’s extensive network of 4,552 branches and more than 21,000 touchpoints nationwide, the partnership will extend VinFast’s reach into both metropolitan hubs and emerging markets. This initiative aligns with VinFast’s vision to accelerate the adoption of sustainable mobility in India, one of the fastest-growing EV markets globally.
Mr. Pham Sanh Chau, CEO of VinFast Asia, said: “Our collaboration with the Central Bank of India, one of the nation’s most trusted nationalized banks, 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 broaden our presence across urban and rural markets, enabling a seamless EV ownership journey.”
Shri Vivek Wahi, Executive Director, Central Bank of India, added: “As India marches towards its Net Zero Emission vision, clean energy and innovative finance will play a vital role. Our alliance with VinFast underscores our commitment to promoting eco-friendly initiatives. With a green portfolio of ₹4,200 crore as of June 2025 and plans to extend ₹1,600 crore in green finance in FY 2025–26, this collaboration is a step closer to realizing a cleaner India.”
The MoU comes as VinFast prepares to launch its VF 6 and VF 7 models in India. The company has also inaugurated its EV assembly plant in Tamil Nadu, marking a pivotal milestone in its long-term growth strategy.
About VinFas
tVinFast (NASDAQ: VFS), a subsidiary of Vingroup JSC, is a pure-play EV manufacturer committed to making electric mobility accessible worldwide. Its diverse portfolio includes electric SUVs, e-scooters, and e-buses. With a strong global expansion strategy, VinFast is scaling its distribution and manufacturing footprint across North America, Europe, and Asia. Learn more at: https://vinfastauto.in/
About Central Bank of India
Established in 1911, Central Bank of India was the first Indian commercial bank wholly owned and managed by Indians. As of June 30, 2025, the Bank operates 4,552 branches, 4,115 ATMs, and over 12,300 BC Points, with total business of ₹704,485 crore. With a strong rural and semi-urban presence, CBI continues to play a pivotal role in India’s financial ecosystem.
