VinFast Auto India, the Indian arm of global EV manufacturer VinFast, has entered into a strategic partnership with the State Bank of India (SBI) to offer tailored retail car financing solutions ahead of its highly anticipated market debut.
The Memorandum of Understanding (MoU) will see VinFast leverage SBI’s extensive network of nearly 23,000 branches across India to provide customers with attractive credit options, including competitive interest rates, flexible repayment terms, up to 100% on-road funding, exclusive offers, and priority services. Dedicated SBI representatives will also be stationed at VinFast dealerships to ensure a seamless purchase and financing experience.
Pham Sanh Chau, CEO of VinFast Asia, highlighted the significance of the tie-up: “Our collaboration with SBI, India’s most trusted national bank, strengthens our commitment to making premium electric mobility more accessible across both urban and rural markets. This partnership is key to creating a seamless and holistic EV ownership journey for Indian consumers.”
SBI reaffirmed the alignment of the initiative with its sustainability goals. Shri G. S. Rana, Deputy Managing Director – Retail, Personal Banking & Real Estate, stated: “As EV adoption accelerates, financing will play a pivotal role in enabling this transition. Our partnership with VinFast not only offers customers convenient financing options but also supports our goal of building a 7.5% green portfolio by 2030.”
VinFast has been actively laying the groundwork for its India operations. Alongside this financing partnership, the company recently inaugurated its EV assembly plant in Tamil Nadu and is preparing to launch the VF 6 and VF 7 models. With this collaboration, VinFast strengthens its position to tap into India’s rapidly expanding EV market and provide consumers with a premium, hassle-free ownership experience.
Also Read: Mahindra Expands BE.06 Batman Edition to 999 Units
Follow Us On Instagram