ACE Joins Hands with Kotak Mahindra Bank to Boost Backhoe Loader Financing in India

​Key Highlights

• 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–Kotak Partnership to Offer Better Loan Support

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.

Leaders Behind the Collaboration

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.

ACE’s Vision for Customer Support

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.

About ACE: A Market Leader in Construction Equipment

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.

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CMV360 Says

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.