The VinFast India & CBOI Bank Partnership is set to reshape the way Indians buy electric vehicles, making EV ownership more convenient, affordable, and within reach of millions. With the signing of a strategic MoU in September 2025, VinFast is not just entering the market—it’s making a bold statement about the future of green mobility in India. Backed by the vast network and credibility of the Central Bank of India, this collaboration raises an intriguing question: could this be the turning point that accelerates India’s EV revolution? Let’s explore how this alliance is set to transform the journey ahead.
Driving Accessibility Through Financing
Under the partnership, VinFast customers will benefit from tailored financing solutions designed to simplify EV ownership. The offerings include attractive interest rates, flexible repayment options, zero processing charges, exclusive offers, and priority services across VinFast’s entire product range. To ensure a seamless experience, dedicated CBI representatives will be stationed at VinFast showrooms to assist with on-site loan processing and approvals. This will make the financing process faster, easier, and more convenient for customers across India.
Leveraging CBI’s Extensive Network
The Central Bank of India brings to the table its vast reach, with more than 4,550 branches and over 21,000 touchpoints nationwide. This extensive network allows VinFast to expand its footprint beyond metropolitan hubs and penetrate smaller towns and rural markets. By tapping into this reach, VinFast aims to empower customers in diverse regions with easier access to EVs, thereby contributing to the growth of sustainable mobility across the country.
Green Financing Commitment
The alliance also underscores CBI’s commitment to sustainability and green finance. The bank has already mobilized over ₹295 crore under its Green Deposit segment and plans to allocate ₹1,600 crore in green financing during FY 2025–26. With an overall green portfolio of ₹4,200 crore as of June 2025, the Central Bank of India is aligning itself with India’s Net Zero Emission vision. This collaboration with VinFast strengthens both institutions’ shared mission to drive cleaner, eco-friendly transportation solutions.
Broader Financial Ecosystem
In addition to CBI, VinFast has secured financing agreements with other leading Indian banks, including the State Bank of India (SBI), HDFC Bank, and ICICI Bank. Together, these partnerships create a strong financial ecosystem that supports not just retail customers but also dealers, enabling smoother operations across the value chain.
Leadership Perspectives
Commenting on the partnership, Mr. Pham Sanh Chau, CEO of VinFast Asia, emphasized that CBI’s unmatched credibility and reach, combined with VinFast’s premium EV portfolio, would make electric mobility more accessible across both urban and rural India. He highlighted the importance of providing convenient and competitive financing solutions to broaden VinFast’s customer base.
Shri Vivek Wahi, Executive Director of the Central Bank of India, reaffirmed the bank’s dedication to clean energy initiatives. He noted that innovative financial solutions will play a key role in achieving India’s Net Zero targets and that the collaboration with VinFast is a step towards building a greener future.
Strengthening VinFast’s India Strategy
This financing agreement comes at a crucial time, as VinFast gears up to launch its VF 6 and VF 7 SUV models in India. The company has also recently inaugurated its EV assembly plant in Tamil Nadu, signaling its long-term commitment to the Indian market.
By combining advanced EV technology with customer-focused financial solutions, VinFast is setting the stage for accelerated EV adoption in India. This partnership with the Central Bank of India not only enhances affordability but also aligns with the nation’s broader sustainability goals, paving the way for a cleaner, greener future.
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