New Delhi, August 2025 – VinFast Auto India, the Indian arm of global electric vehicle manufacturer VinFast, has signed a Memorandum of Understanding (MoU) with the State Bank of India (SBI), the nation’s largest bank, to provide retail car financing through its exclusive dealer network. The agreement marks a significant step ahead of VinFast’s much-anticipated entry into the Indian EV market.

Tailored Financing for EV Buyers

Under the partnership, customers will gain access to attractive interest rates, flexible repayment options, up to 100% on-road funding, exclusive offers, and priority services—applicable across VinFast’s product portfolio. Dedicated SBI representatives will be stationed at VinFast showrooms to provide on-site credit support, ensuring a seamless buying experience.

Expanding EV Accessibility Across India

Leveraging SBI’s extensive pan-India network of nearly 23,000 branches, VinFast aims to reach both urban and emerging markets, making electric mobility more accessible. This collaboration aligns with VinFast’s broader vision of accelerating EV adoption in India, one of the world’s fastest-growing electric vehicle markets.

Mr. Pham Sanh Chau, CEO of VinFast Asia, said:
“Our collaboration with the State Bank of India, the nation’s largest and most trusted bank, is a significant step in building a strong foundation for VinFast’s growth in India. SBI’s unmatched reach and credibility, combined with our premium EV portfolio, will make VinFast vehicles more accessible to customers across urban and rural markets.”

Shri G. S. Rana, Deputy Managing Director, Retail-Personal Banking & Real Estate, SBI, added:
“As EV adoption accelerates, access to financing will be key to driving this transition. Our collaboration with VinFast will not only provide customers with convenient credit options for its premium EV lineup but also reinforce SBI’s commitment to building a 7.5% green portfolio by 2030.”

Building a Strong EV Ecosystem in India

The agreement comes as VinFast prepares to launch its VF 6 and VF 7 models in India. The company recently inaugurated its EV assembly plant in Tamil Nadu, marking a pivotal milestone in its long-term growth strategy.

With this partnership, VinFast is reinforcing its customer-first approach while supporting India’s transition to sustainable, green mobility.