ACE, Kotak Tie-Up Expands Backhoe Loader Financing

Haryana - Action Construction Equipment Limited (ACE)., a Pick-n-Carry crane manufacturer and a construction equipment company, has entered into a strategic Memorandum of Understanding (MoU) with Kotak Mahindra Bank to improve financing access for backhoe loader customers across India.

Under the partnership, Kotak Mahindra Bank will provide flexible, customer-friendly loan solutions to contractors, infrastructure developers, SMEs, entrepreneurs and emerging businesses. The collaboration aims to simplify equipment purchases through faster loan processing, competitive financing structures and the bank’s extensive nationwide network, helping customers enhance productivity and business growth.

The MoU was signed in the presence of Mr. Sorab Agarwal, Executive Director, ACE, and Mr. Vinod Chauhan, Senior Executive Vice President, Kotak Mahindra Bank. Mr. Chauhan, who heads construction equipment financing at the bank, played a key role in shaping a comprehensive financing framework focused on customer needs.

Through this association, buyers of ACE backhoe loaders will benefit from smoother financing procedures, quicker approvals and wider accessibility across the country.

Mr. Sorab Agarwal, Executive Director, ACE, said, “As a customer-centric organization, our core philosophy is to deliver value-for-money products that offer high productivity at a competitive price. This collaboration with Kotak Mahindra Bank will further strengthen our ability to support customers by enabling customized financing packages that cater to their diverse business needs. The partnership is designed to simplify the equipment purchase process, improve affordability, and support business growth by offering a wide range of financial solutions tailored to specific customer requirements.”

The partnership reinforces ACE’s commitment to facilitating easier access to construction equipment and supporting India’s infrastructure development journey.

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