ACE and Kotak Mahindra Bank Partner to Offer Flexible Financing for Backhoe Loader Customers Across India!

Action Construction Equipment Limited (ACE), India’s leading construction and material handling equipment manufacturer and the world’s largest producer of Pick-n-Carry cranes, has entered into a strategic financing partnership with Kotak Mahindra Bank to make backhoe loaders more accessible to customers nationwide. The collaboration, formalised through a Memorandum of Understanding (MoU), is aimed at easing equipment ownership for contractors, infrastructure developers, small and medium enterprises (SMEs), entrepreneurs, and emerging businesses by offering customised and customer-friendly financing solutions.

The MoU was signed in the presence of senior leadership from both organisations, including Sorab Agarwal, Executive Director at ACE, and Vinod Chauhan, Senior Executive Vice President at Kotak Mahindra Bank. The partnership has been significantly driven by Kotak Mahindra Bank’s construction equipment financing team under the leadership of Mr Chauhan, with a shared focus on building a robust, customer-first lending framework for the construction and infrastructure sector.

Under this agreement, Kotak Mahindra Bank will provide dedicated financing solutions for ACE’s backhoe loader portfolio, leveraging its extensive nationwide branch network and digital capabilities. Customers will benefit from faster loan processing, competitive interest rates, flexible repayment structures, and simplified documentation, enabling quicker purchase decisions and smoother ownership experiences. By reducing financial barriers, the partnership is expected to help customers scale operations, improve productivity, and respond more effectively to project demands.

Sorab Agarwal, Executive Director of Action Construction Equipment, highlighted the importance of financing in equipment adoption, stating that ACE’s objective has always been to deliver high-performance, reliable machines at competitive price points. He added that partnering with Kotak Mahindra Bank strengthens ACE’s ability to support customers beyond product delivery by offering tailored financing packages that align with diverse business needs. According to Agarwal, the initiative simplifies the buying journey, enhances affordability, and empowers customers to invest confidently in modern construction equipment.

For Kotak Mahindra Bank, the collaboration reinforces its growing focus on construction and infrastructure financing. By aligning with a leading domestic equipment manufacturer like ACE, the bank aims to deepen its engagement with contractors and equipment buyers across urban and semi-urban markets. The partnership also reflects the bank’s broader strategy of supporting India’s infrastructure growth through specialised lending solutions that cater to sector-specific requirements.

The financing partnership comes at a time when India’s construction and infrastructure sectors are witnessing sustained momentum, driven by large-scale public investment, urban development projects, and private-sector participation. Backhoe loaders, being versatile machines used extensively in excavation, material handling, and utility work, play a critical role in this ecosystem. Easier access to financing is expected to accelerate equipment adoption, particularly among first-time buyers and smaller contractors.

Founded with a vision to deliver world-class construction and material handling equipment, Action Construction Equipment Ltd has built a strong reputation for quality, reliability, and innovation. Its product portfolio spans cranes, backhoe loaders, forklifts, tractors, and other specialised equipment serving construction, infrastructure, agriculture, and logistics sectors. Through strategic partnerships such as this one with Kotak Mahindra Bank, ACE continues to strengthen its customer support ecosystem while contributing to India’s infrastructure-led growth story.

Overall, the ACE–Kotak Mahindra Bank partnership represents a meaningful step toward making advanced construction equipment more accessible, affordable, and aligned with the evolving needs of India’s construction industry.