VinFast Auto India, the local arm of global EV manufacturer VinFast, has signed a Memorandum of Understanding (MoU) with the State Bank of India (SBI) to provide tailored retail car financing through its exclusive dealer network.
Dedicated SBI representatives will be stationed at VinFast showrooms to guide customers, ensuring a smooth and convenient financing process. Leveraging SBI’s extensive network of nearly 23,000 branches, VinFast will be able to reach buyers across urban centres and smaller towns, aligning with its goal to accelerate EV adoption in one of the world’s fastest-growing markets.
Pham Sanh Chau, CEO of VinFast Asia, said the collaboration combines SBI’s unmatched reach and credibility with VinFast’s premium EV portfolio, creating a strong foundation for the company’s growth in India. SBI’s Deputy MD, G. S. Rana, highlighted that the partnership also supports the bank’s broader sustainability target of building a 7.5% green portfolio by 2030, with EV financing playing a crucial role.
As VinFast prepares to launch its VF 6 and VF 7 models in India and expands its new assembly plant in Tamil Nadu, the agreement with SBI represents a critical step in building a robust, customer-focused ecosystem that simplifies EV ownership while supporting India’s transition to sustainable mobility.
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