VinFast Auto India has entered into a strategic partnership with CSB Bank to provide financing solutions for its dealer network and retail customers. The Memorandum of Understanding (MoU) focuses on inventory funding and auto loans to support the market entry of the VF 6 and VF 7 electric SUVs in India.

The collaboration enables CSB Bank to offer credit solutions across VinFast’s product portfolio. Retail customers can access up to 100 percent on-road funding with various repayment options. To facilitate the process, the bank will deploy relationship managers to provide on-site support at dealerships.

For the dealer network, the agreement includes inventory financing to support the expansion of VinFast’s showrooms, which the company expects to double in number during 2026. The partnership utilises CSB Bank’s national branch network to extend these financial services across diverse Indian markets.

VinFast is currently establishing an assembly plant in Tamil Nadu and developing an aftersales service system. Both the VF 6 and VF 7 models have received 5-star Bharat NCAP safety ratings.

To lower entry barriers, VinFast has introduced several financial initiatives including assured Resale and Buyback, free charging across the V-Green network until 31 March 2029. The ‘Trade Gas for Electric’ initiative, running until 31 March 2026, offers incentives of 3 percent for electric cars and 5 percent for electric two-wheelers for customers switching from internal combustion engine vehicles.

Tapan Ghosh, CEO, VinFast India, said, “Our partnership with CSB Bank is a natural extension of our approach in India, where accessibility and affordability are critical to scaling 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 reduce entry barriers, while continuing to build a reliable and well-rounded ecosystem. It is one of several steps we are taking to ensure a consistent, dependable, and customer-focused EV experience in the country.”

Narendra Dixit, Head of Retail Banking at CSB Bank, commented, “Electric mobility is no longer a future concept; it is rapidly becoming a mainstream choice for customers and businesses alike. As adoption accelerates, there is a growing need for accessible financing solutions that enable both customers and dealers to participate in this transformation. The Special partnership with VinFast is a step forward in that direction. By combining VinFast’s strong product vision in the EV space with CSB Bank’s financing capabilities, we aim to create a robust ecosystem that supports both retail auto buyer solutions and dealer network through tailored auto loans and inventory financing solutions.”

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Hyundai Motor India, one of the leading passenger vehicle manufacturers, has launched an assured buyback scheme for the Hyundai Creta Electric SUV, offering buyers a 60 percent guaranteed residual value for up to three years or 45,000 kilometres. The program aims to address depreciation concerns among buyers transitioning to electric vehicles.

The initiative follows the company's introduction of its Battery-as-a-Service (BaaS) model for the Creta Electric, which carries an entry price of INR 1.09 million with battery rental rates starting at INR 3.9 per kilometre to lower upfront purchase costs.

The Creta Electric features ARAI-certified driving ranges of 510 kilometres for the 51.4 kWh battery option and 420 kilometres for the 42 kWh variant, with DC fast-charging capabilities that enable a 10 to 80 per cent charge in 39 minutes.

Tarun Garg, MD & CEO, Hyundai Motor India, said, “The next phase of electric vehicle adoption in India will be driven equally by advancements in vehicle technology and by greater customer confidence. Hyundai Creta Electric has been engineered to deliver an exceptional ownership experience backed by Hyundai’s global EV expertise and the trust of the iconic Creta brand. Our Assured Buyback Program, offering 60 percent assured buyback value, reflects our confidence in the product’s outstanding quality, reliability and long-term value. Together with our Battery-as-a-Service initiative, expanding charging infrastructure and future EV roadmap, we are building one of India’s most comprehensive EV ecosystems, enabling customers to embrace electric mobility without compromising on convenience, confidence or peace of mind.”

To support its electric fleet, Hyundai provides access to over 30,000 charging points via its digital app. The carmaker currently operates 183 DC fast-charging stations across 105 cities in India, with plans to expand its network to 600 stations by 2030 across highways, cities, and dealership locations.

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Bengaluru-headquartered Indofast Energy, the battery swapping joint venture between Sun Mobility and Indian Oil Corporation, has entered into a partnership with charge point operator Zeon Charging to expand battery swapping infrastructure across retail and transit locations in Southern India.

As per the understanding, Indofast Energy will deploy its Quick Interchange Stations (QIS) across Zeon Charging's network of sites, including shopping centres, metro parking facilities, and commercial hubs in Bengaluru, Hyderabad and Chennai.

The rollout has commenced with the installation of 6 QIS across two locations in Bengaluru, including Orion Mall in Rajajinagar. Plans are underway to expand the Orion Mall setup with 5-6 additional swap stations.

The partnership provides Indofast Energy with access to locations equipped with electrical infrastructure and positioning along urban transit corridors, targeting commercial two-wheeler electric vehicle drivers and delivery fleets. Indofast Energy currently operates a network of over 450 stations in Bengaluru, alongside more than 1,900 swap stations across 24 cities in India.

Subhash Bhat, Interim CEO, Indofast Energy, said, "Our collaboration with Zeon Charging enables us to bring battery swapping to some of the most accessible and high-visibility locations across Southern India. Premium malls, metro parking facilities, and commercial hubs are exactly the kind of high-traffic sites where EV users need seamless energy access. By partnering with an established CPO like Zeon, we are accelerating our network expansion into power-ready, strategically positioned locations. This is a natural extension of our mission to make battery swapping accessible wherever riders need energy, making it the most practical and accessible choice for EV users across India."

Akhil Venkateshwaran, CTO & Director, Zeon Charging, said, "At Zeon Charging, we are building future-ready EV infrastructure that serves the evolving needs of India's electric mobility ecosystem. Partnering with Indofast Energy unlocks a vital piece of this objective catering to both fixed-charging users and the rapidly growing battery swapping segment. This collaboration at strategic venues like Orion Mall in Bangalore proves that integrating swapping stations into premium retail and transit hubs is highly effective in creating a seamless, sustainable, and convenient experience for EV drivers across Southern India. We look forward to scaling this partnership rapidly across our network."

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BYD India, a subsidiary of new energy vehicle (NEV) manufacturer BYD, has unveiled a new festive campaign, titled ‘Celebrate Your Dreams with BYD,’ ahead of the country’s key automobile buying season. The initiative is designed to enhance the appeal of premium electric vehicles by offering a comprehensive package of ownership benefits for eligible models.

Commencing in August 2026, the festive package includes charging coupons on specific variants, a complimentary two-year maintenance plan and extended warranty coverage reaching up to 200,000 kilometres. Additionally, customers can access financing with interest rates beginning at 7.77 percent and receive a special festive gift hamper with their purchase.

With over 17 million new energy vehicles sold globally and a customer base exceeding 15,000 in India, BYD continues to expand its footprint in the premium segment. These limited-time offers, which vary by city and dealership, are intended to support the growing consumer shift towards sustainable mobility by improving overall value, subject to standard terms and conditions.

Rajeev Chauhan, Head of Electric Passenger Vehicle (EPV) Business, BYD India, said, “India’s festive season is an important time for many customers to make mobility choices for their families. At BYD, we remain focused on delivering advanced technology, safety, reliability and a strong ownership experience through our electric vehicle portfolio. Through ‘Celebrate Your Dreams with BYD’, we aim to make the transition to electric mobility more accessible for customers. As families across the country mark new beginnings during the festive season, BYD remains committed to offering advanced technology, safety and ownership confidence through its electric vehicle portfolio while supporting the broader shift towards sustainable mobility.”

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Bengaluru-based electric vehicle maker Ather Energy has reported its consolidated income of INR 12.6 billion for Q1 FY2027, which marks a 87.2 percent YoY increase.

In Q1, the company sold 83,173 electric two-wheelers, up 80.5 percent compared to same period last year. Non-vehicle operations, including software subscriptions, charging infrastructure, spare parts and service offerings, contributed 14 percent to operating revenue, up from 13 percent in Q1 FY26.

The earnings before interest, taxes, depreciation, and amortisation (EBITDA) turned positive at INR 90 million, compared to an EBITDA loss of Rs 1.06 billion in the same period last year. EBITDA margin improved by 1,650 basis points to 0.8 percent. Consolidated net loss narrowed to INR 510 million from INR 1.78 billion in Q1 FY26.

The consolidated results also include performance data for newly incorporated subsidiary Ather Insurance, which recorded a net loss of INR 22 million for the quarter. Adjusted gross margin stood at INR 2.82 billion, up 82.3 percent YoY. Higher input costs were recorded across raw materials including copper, aluminium, lithium and crude-linked supplies, which the company managed through pricing adjustments, product mix changes, and engineering cost reductions.

Ather Energy stated that market demand metrics indicated customer enquiries rising 95 percent YoY to 707,000, while pre-orders increased 158 percent to 150,000 units. Industry registration data from Vahan showed total electric two-wheeler registrations rising 68 percent YoY to approximately 525,000 units during the period, with electric vehicle penetration reaching 10 percent in June 2026.

Tarun Mehta, Co-Founder & CEO, Ather Energy, said, "We continued to see strong demand across our portfolio, as structural tailwinds from both policy support and shifting customer sentiment translated into a massive upsurge for our products, with demand far outstripping supply. This gives us confidence that the market continues to expand. In the coming months, we are particularly excited about our new product on the EL platform, commencing production alongside the scale-up of our new factory at AURIC. Together, they position us well for the next phase of Ather's growth.”

Manufacturing expansion remains on schedule at Factory 3.0 at AURIC in Chhatrapati Sambhaji Nagar. Phase 1, offering an annual capacity of 500,000 units, is scheduled to start production in Q3 FY27. Upon completion of Phase 1 and Phase 2, Ather's total installed manufacturing capacity across its facilities will reach 1.42 million units annually.

The company also plans to reveal its first production model on the EL vehicle architecture on 29 August 2026 during Ather Community Day.

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