VinFast Auto India has signed a Memorandum of Understanding (MoU) with CSB Bank to provide financing support for its electric vehicle portfolio and dealer network, as per PTI reports.
The agreement was formalised on March 24 in Gurugram by senior representatives from both organisations. The arrangement covers retail auto loans as well as inventory financing for dealerships.
This comes as the company expands its presence in India, which is the world’s third-largest automotive market by volume.
The partnership enables financing options for buyers of VinFast’s electric SUVs, VF 6 and VF 7. Loan offerings include up to 100% funding of the on-road price, along with structured repayment options and standardised approval processes.
CSB Bank will also place relationship managers at select dealerships to handle customer queries and loan processing. The intent is to integrate financing access at the point of purchase rather than through separate channels.
In addition to customer loans, the agreement includes inventory financing for authorised dealers. This is to support working capital requirements as VinFast expands its showroom network.
CSB Bank operates 855 branches and 826 ATMs/CRMs across India, with a presence in states including Kerala, Tamil Nadu, Maharashtra, Karnataka and Andhra Pradesh.
The bank’s network is expected to be used to extend financing access across regions beyond large urban centres.
VinFast is in the process of building its EV ecosystem in India. This includes an assembly facility in Tamil Nadu, expansion of its dealership network, and after-sales service infrastructure.
The 2 SUVs currently available in India have received 5-star Bharat NCAP safety ratings.
The company plans to introduce additional EV models in 2026. Alongside product expansion, it has introduced schemes such as assured resale value and buyback options.
A free charging programme through the V-Green network has been extended until March 31, 2029. A limited-period exchange scheme offering incentives for switching from internal combustion vehicles is also being implemented across select markets.
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The agreement brings retail and dealer financing under a single structure as VinFast expands its operations in India. It outlines access to credit alongside the company’s growing EV presence.
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Published on: Mar 25, 2026, 11:48 AM IST
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