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ACE partners with Kotak Mahindra Bank to offer easy, quick, and affordable backhoe loader financing with customized loans, faster approvals, and nationwide access for contractors and SMEs.
By Robin Kumar Attri
ACE partners with Kotak Mahindra Bank.
Easier and faster backhoe loader financing.
Customized loan solutions for businesses.
Competitive interest rates and quick approvals.
Supports India’s construction growth.
Action Construction Equipment Ltd. (ACE), a leading manufacturer of construction and material handling equipment, has partnered with Kotak Mahindra Bank to make backhoe loader financing easier, faster, and more accessible for customers across India. This new collaboration aims to support contractors, SMEs, infrastructure developers, and new entrepreneurs with smarter and more affordable loan options.
ACE, known globally as the largest Pick-n-Carry crane manufacturer, has signed a Memorandum of Understanding (MoU) with Kotak Mahindra Bank. The partnership focuses on providing customized loan solutions for ACE’s backhoe loader range with:
Simplified financing processes
Faster loan approvals
Competitive loan terms
Wider access through Kotak’s national network
This initiative aims to expedite equipment purchasing decisions and facilitate smooth business expansion.
The MoU was signed in the presence of:
Sorab Agarwal, Executive Director, ACE
Vinod Chauhan, Senior Executive Vice President, Kotak Mahindra Bank
Vinod Chauhan, who oversees construction equipment financing at the bank, played a key role in creating a customer-friendly financial framework for this initiative.
Sorab Agarwal explained that ACE always aims to deliver value-for-money products with high productivity at competitive prices. He added that the partnership with Kotak Mahindra Bank will further:
Strengthen ACE’s customer support
Offer tailor-made financing packages
Improve affordability of backhoe loaders
Help businesses grow with reliable financial assistance
The collaboration is expected to make equipment acquisition easier and boost India’s infrastructure development efforts.
Founded in 1995 and headquartered in Palwal, Haryana, ACE is a major player in India’s construction equipment industry. The company has:
Over 63% market share in mobile cranes
Around 60% share in tower cranes
A wide product range, including mobile and tower cranes, backhoe loaders, vibratory rollers, forklifts, tractors, and agricultural machinery
125+ sales and service locations, supported by 13 regional offices
Exports to 37+ countries across the Middle East, Africa, Asia, and Latin America
This partnership with Kotak Mahindra Bank further strengthens ACE’s commitment to supporting India’s infrastructure and business growth.
This partnership between ACE and Kotak Mahindra Bank is set to make backhoe loader financing simpler, faster, and more affordable for customers across India. With customized loan solutions, quicker approvals, and wider access through Kotak’s strong national network, the collaboration will help contractors, SMEs, and infrastructure developers expand their businesses with ease. ACE’s strong market presence and customer-centric approach make this initiative a major boost for India’s construction and infrastructure growth.
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