Action Construction Equipment Limited (ACE), the world’s largest pick-and-carry crane manufacturer and India’s leading material handling and construction equipment company, has signed a Memorandum of Understanding with Kotak Mahindra Bank to enhance access to flexible and customer-friendly financing for backhoe loader buyers across the country. The partnership aims to support contractors, infrastructure developers, entrepreneurs, small and medium-sized enterprises, and emerging businesses by offering tailored loan solutions, faster processing timelines and wider reach through Kotak Mahindra Bank’s nationwide network. The MoU was signed in the presence of Sorab Agarwal, Executive Director at ACE, and Vinod Chauhan, Senior Executive Vice President at Kotak Mahindra Bank. The initiative was led by Chauhan, who oversees construction equipment financing at the bank, with a focus on creating a comprehensive and customer-oriented financial framework. Under the agreement, Kotak Mahindra Bank will provide financing support for ACE’s range of backhoe loaders. Customers across India are expected to benefit from simplified financing procedures, competitive loan structures, quicker approvals and improved accessibility to credit. Commenting on the collaboration, Sorab Agarwal said ACE’s customer-centric approach is rooted in delivering value-for-money equipment that combines high productivity with competitive pricing. He added that the tie-up with Kotak Mahindra Bank will strengthen the company’s ability to offer customised financing packages aligned with diverse business needs, making equipment purchases more affordable and supporting long-term growth. The partnership reinforces ACE’s commitment to facilitating easier access to construction equipment, promoting business expansion and contributing to India’s ongoing infrastructure development.