VinFast India partners with State Bank of India to power EV financing

VinFast Auto India on August 22 signed an MoU with the State Bank of India to provide retail car financing through its dealer network, offering credit solutions ahead of its upcoming launch.

 

Pham Sanh Chau (second from the left), CEO of VinFast Asia, at the signing ceremony. — Photo of the company

HÀ NỘI — VinFast Auto India, a subsidiary of global EV brand VinFast on August 22 signed a Memorandum of Understanding (MoU) with State Bank of India (SBI), the nation’s largest bank, to provide retail car financing through its exclusive dealer network. The agreement aims to offer a seamless suite of credit solutions ahead of the company’s highly anticipated launch.

Under the agreement, customers will enjoy tailored financing solutions, including attractive interest rates, flexible repayment options, up to 100 per cent on-road funding, exclusive offers and priority services - applicable across VinFast’s entire product portfolio. Dedicated SBI representatives will be available at all VinFast showrooms to provide on-site support, making EV ownership more accessible and convenient for a wider range of Indian consumers.

The collaboration allows VinFast to leverage State Bank of India’s extensive pan-India network of nearly 23,000 branches to reach customers across urban and emerging markets alike. It also aligns with the company’s broader goal of accelerating the adoption of sustainable transportation solutions in India, one of the fastest-growing EV markets globally. — VNS

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