ACE – Action Construction Equipment Limited, the world’s largest Pick-n-Carry manufacturer and India’s leading material handling and construction equipment company, has signed a Memorandum of Understanding (MoU) with Kotak Mahindra Bank, Mumbai to enhance financing options for backhoe loader buyers across India.
This strategic partnership aims to provide contractors, infrastructure developers, SMEs, entrepreneurs, and emerging businesses with easier access to flexible and customer-friendly funding. Through tailored loan solutions, faster processing, and the extensive reach of Kotak Mahindra Bank’s nationwide network, buyers can now acquire backhoe loaders more efficiently, supporting growth and productivity across India’s construction and infrastructure sectors.
The agreement was signed in the presence of Mr. Sorab Agarwal, Executive Director, ACE and Mr. Vinod Chauhan, Senior Ex. Vice President from Kotak Mahindra Bank, Mumbai. The initiative was significantly shaped by Mr. Vinod Chauhan from Kotak Mahindra Bank, who leads construction equipment financing for the bank, ensuring a comprehensive and customer-focused financial framework.
Through this association, Kotak Mahindra Bank will offer financing support ACE’s robust Backhoe Loaders. Customers across India will benefit from smoother financing procedures, competitive loan structures, quicker approvals, and broader accessibility.
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.”
This partnership further strengthens ACE’s commitment to enabling easier acquisition of equipment, promoting business growth, and supporting India’s ongoing infrastructure development.
