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2h ago

VinFast, Central Bank of India Sign MoU to Expand EV Financing Through Dealer Network

The tie-up channels Central Bank of India's nationwide reach into showroom-based loan support that cuts purchase frictions.

Overview

  • VinFast Auto India signed a Memorandum of Understanding with Central Bank of India to provide retail EV loans via the company’s exclusive dealerships.
  • Customers are offered attractive interest rates, flexible repayment options, zero processing charges, exclusive offers and priority services across the full product range.
  • Dedicated Central Bank of India representatives will be stationed at VinFast showrooms to deliver on-site loan assistance and expedited processing.
  • The partnership taps CBI’s 4,552 branches and more than 21,000 touchpoints to reach both major cities and emerging markets.
  • The initiative supports VinFast’s VF 6 and VF 7 rollout and its newly inaugurated Tamil Nadu assembly operations, aligning with CBI’s green finance push that includes a Rs 4,200 crore portfolio and a plan to deploy Rs 1,600 crore in FY 2025–26.