Mahindra Construction Equipment Partners with Bank of Maharashtra
Mahindra's Construction Equipment Division (MCE) has entered into a strategic partnership with Bank of Maharashtra to offer customized financing solutions for its construction equipment division. The Memorandum of Understanding (MoU) was signed by Jalaj Gupta, Business Head of Commercial Vehicles at Mahindra & Mahindra, and Rajesh Singh, GM of Retail & MSME at Bank of Maharashtra. The partnership aims to provide unique financial assistance for purchasing Mahindra's current and upcoming BSV range of construction equipment, offering competitive interest rates and flexible loan tenures. This collaboration will enable customers to access hassle-free credit for products such as RoadMaster (Motor Grader) and EarthMaster (Backhoe loader), along with various attachments. Mr. Gupta highlighted that the partnership leverages Bank of Maharashtra's extensive network of over 2,400 branches, providing tailored financing options to customers nationwide. Additionally, Bank of Maharashtra has introduced a new offering called Mahabank Equipment Finance, catering to customers in construction, mining, and related sectors for the purchase of various equipment.