VinFast India Partners with State Bank of India to Empower EV Dealer Financing

New Delhi, India –VinFast India, the Indian arm of the global electric vehicle manufacturer VinFast Auto, has announced a strategic partnership with the State Bank of India (SBI) to provide comprehensive dealer financing solutions. This collaboration is aimed at creating a robust financial ecosystem to support VinFast’s nationwide dealer network and accelerate the adoption of electric mobility in India.

Under this partnership, SBI will offer a wide range of customized financing options to VinFast’s authorized dealers, including inventory funding, working capital loans, and flexible credit facilities. These financing solutions are designed to help dealers efficiently manage their operations, invest in infrastructure, and scale their businesses as demand for electric vehicles grows across the country.

Speaking on the announcement, a VinFast India spokesperson said:
“India is one of the most promising electric vehicle markets globally, and our partnership with SBI marks a significant milestone in building a strong foundation here. By enabling convenient access to financing, we are empowering our dealer partners to focus on delivering world-class EVs and services to Indian customers. This collaboration reflects our commitment to creating a sustainable, future-ready mobility ecosystem in India.”

SBI, the country’s largest public sector bank, brings unmatched financial expertise, credibility, and a vast branch network to the partnership. Commenting on the alliance, an SBI official stated:
“We are proud to partner with VinFast in their mission to drive EV adoption in India. With tailored dealer financing solutions, we aim to provide liquidity and support to VinFast’s dealers, enabling them to expand faster and contribute to India’s green mobility vision.”

The collaboration is expected to accelerate VinFast’s retail expansion plans, ensuring that dealers across both urban and semi-urban markets are well-equipped to meet customer demand. With India’s EV industry poised for exponential growth, such initiatives will play a pivotal role in bridging the gap between innovation and accessibility.

This partnership is part of VinFast India’s broader strategy to localize its operations, establish a strong sales and service network, and align with the government’s vision of achieving a sustainable and electrified transport future.

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