VinFast Auto India has entered into a strategic partnership with CSB Bank to enhance financing accessibility for electric vehicle (EV) buyers and dealers across the country. The collaboration is set to support the company’s expansion plans in India’s rapidly evolving electric mobility landscape.
Easier Financing for EV Buyers
As part of the Memorandum of Understanding (MoU), the partnership will offer a wide range of retail financing options for customers interested in VinFast’s premium electric SUVs — VF 6 and VF 7. These offerings include:
- Up to 100% on-road funding
- Competitive interest rates
- Flexible repayment tenures
- Quick and seamless loan approval process
Dedicated relationship managers from CSB Bank will also be stationed at VinFast dealerships to assist customers throughout the financing journey, ensuring a hassle-free experience.
Strengthening Dealer Ecosystem
Beyond customer financing, the agreement also covers inventory funding solutions for VinFast’s dealer network. By leveraging CSB Bank’s expanding presence across India, VinFast aims to provide financial support in both urban and emerging markets, strengthening its retail footprint.
Leadership Speaks
Tapan Ghosh, CEO of VinFast India, emphasized that simplifying EV ownership is key to accelerating adoption. He noted that the partnership is designed to make electric vehicles more accessible by reducing financial barriers and enhancing customer convenience.
Narendra Dixit, Head of Retail Banking at CSB Bank, highlighted that electric mobility is quickly becoming mainstream. He added that the collaboration will enable both customers and dealers to actively participate in the transition through tailored financing solutions.
Expanding EV Presence in India
VinFast is steadily building its presence in India with multiple strategic initiatives. The company is setting up an assembly plant in Tamil Nadu and expanding its showroom network nationwide. It is also strengthening its after-sales service infrastructure and forming alliances with financial partners to improve accessibility.
The VF 6 and VF 7 electric SUVs have already secured 5-star safety ratings under Bharat NCAP standards. Looking ahead, VinFast plans to introduce additional EV models in 2026 to cater to diverse customer needs.
Customer-Centric Initiatives
To further encourage EV adoption, VinFast has launched several customer-focused programs, including:
- Assured resale value schemes
- Transparent buyback options
- Extended free charging on the V-Green network until March 31, 2029
Additionally, its “Trade Gas for Electric” initiative is being rolled out across multiple countries, including India, offering incentives to customers switching from conventional fuel vehicles.