Vinfast Auto India, the Indian arm of global electric vehicle brand Vinfast, has entered into a Memorandum of Understanding (MoU) with CSB Bank, one of the oldest private sector banks in India, to strengthen financing support across its dealer network.
Under this partnership, CSB Bank will provide both auto loans to customers and inventory financing for VinFast’s exclusive dealerships. The collaboration is designed to offer a seamless and comprehensive range of credit solutions for buyers of the brand’s premium electric SUVs, the VF6 and VF7.
The move is expected to play a key role in supporting VinFast’s expansion strategy in India, the world’s third largest automotive market, making EV ownership more accessible and convenient for customers as well as strengthening its retail ecosystem.
Under the partnership, customers will benefit from a range of retail financing solutions, including up to 100% on-road funding, attractive interest rates, flexible repayment options and a seamless loan approval and disbursement process across VinFast’s entire product portfolio. Dedicated CSB Bank Relationship Managers will also provide on-site assistance at the dealership, ensuring a seamless and convenient financing experience and making EV ownership more accessible to customers.
The collaboration will also enable Vinfast to leverage CSB Bank’s strong pan-India presence and expand branch network to expand EV financing solutions across different markets. With its growing national footprint and focus on offering customized financial solutions, CSB Bank aims to support the widespread adoption of electric mobility by enabling easy access to financing for customers across the country.
The MoU was signed by Mr. Tapan Ghosh, CEO, Vinfast India and Mr. Narendra Dixit, Head, Retail Banking, CSB Bank.
Mr Tapan Ghosh, CEO, Vinfast India, said: “Our partnership with CSB Bank is a natural extension of our vision in India, where access and affordability are key to driving EV adoption. In markets like India, the transition to electric mobility depends not only on the product, but also on how simple and practical ownership is for customers. Through this collaboration, we aim to offer flexible financing solutions that lower entry barriers, as well as a reliable and well-established This is one of the many steps we are taking to ensure a sustainable, reliable and customer-centric EV experience in the country.”
Commenting on the collaboration, Mr Narendra Dixit, Head of Retail Banking, CSB Bank, said: “Electric mobility is no longer a futuristic concept; it is rapidly becoming the mainstream choice for customers and businesses. As adoption accelerates, there is a growing need for accessible financing solutions that enable both customers and dealers to participate in this transformation. The exclusive partnership with VinFast is a step forward in that direction. VinFast’s strong product vision in the EV sector With CSB Bank’s financing capabilities, we aim to create a strong ecosystem that supports both retail auto buyer solutions and dealer networks through customized auto loan and inventory financing solutions.
With an assembly plant in Tamil Nadu, a nationwide network of world-class showrooms expected to double this year, expanding after-sales service system, and growing partnerships with financial institutions to increase EV penetration for customers, VinFast continues to strengthen its comprehensive EV ecosystem in the Indian market.
The company has introduced two premium electric SUVs, the VF6 and VF7, both of which have achieved 5-star India NCAP safety ratings, and plans to launch additional models in 2026 to meet the diverse green mobility needs of consumers.
In parallel, Vinfast is launching several initiatives aimed at reducing financial and psychological barriers for customers, including assured resale price programs and transparent buyback schemes. Recently, the company has extended its free charging program on the V-Green charging network till March 31, 2029. The “Trade Gas for Electric” program is also being implemented in India, Vietnam, Indonesia and the Philippines from March 11 to March 31, 2026, providing an additional incentive of 3% for VinFast electric cars and 5% for VinFast electric two-wheelers for customers switching from gasoline-powered vehicles.