Action Construction Equipment Limited (ACE), the world’s largest pick-and-carry crane manufacturer and a leading Indian construction equipment company, has recently signed a Memorandum of Understanding with Kotak Mahindra Bank to expand access to flexible and customer-friendly financing for its backhoe loader customers across India.

The partnership is aimed at supporting contractors, infrastructure developers, entrepreneurs, SMEs and emerging businesses by offering tailored loan solutions, faster processing and wider reach through Kotak Mahindra Bank’s nationwide network. The initiative is expected to make equipment acquisition more accessible and affordable for customers operating across diverse project environments.

The MoU was signed in the presence of Sorab Agarwal, Executive Director, ACE, and Vinod Chauhan, Senior Executive Vice President, Kotak Mahindra Bank, Mumbai. The financing framework has been shaped to ensure customer-focused offerings, with a strong emphasis on ease of access and streamlined approval processes.

Under the association, Kotak Mahindra Bank will provide financing support for ACE’s backhoe loaders, enabling customers to benefit from competitive loan structures, quicker approvals and simplified financing procedures. The collaboration is designed to reduce barriers to equipment ownership while supporting business expansion.

Commenting on the partnership, Sorab Agarwal said the collaboration aligns with ACE’s customer-centric approach of delivering high-productivity, value-for-money equipment. He added that customised financing packages will help address varied business needs, simplify purchase decisions and support sustainable growth for customers.

The partnership further reinforces ACE’s commitment to facilitating equipment access, strengthening contractor capabilities and contributing to India’s ongoing infrastructure and construction development.