SANY India Partners With Union Bank of India to Provide Financial Solutions to Its Customers

22 June 2024

SANY India, a leading manufacturer of construction equipment, is pleased to announce the signing of a Memorandum of Understanding (MoU) with Union Bank of India. Through this strategic partnership SANY India aims to provide substantial growth and development opportunities across the country along with enhanced financial support to its customers, while facilitating easier access to SANY India’s advanced product line along with readily available financial solutions.

The MoU was signed in the presence of Mr. Naveen Jain, Zonal Head , Pune of Union Bank of India, and Mr Sanjay Saxena, COO of SANY India, accompanied by senior officers from both organizations.

This collaboration between SANY India and Union Bank of India is strategically designed to leverage the strengths of both entities, providing range of customized financial services tailored to meet the needs of the customers. This collaboration is designed to streamline the financing process, making it more efficient and customer-friendly, thereby empowering businesses across various sectors.

Mr. Sanjay Saxena, COO of SANY INDIA, stated, “We are happy to join hands with Union Bank of India, a leading institution of economic well-being within its operational areas. This MoU is a testament to our commitment to delivering exceptional financial services alongside our cutting-edge products, empowering customers across India.”

Highlighting the significant reliance on Union Bank of India for equipment financing, Mr Saxena added,The MSME Schemes offered by Union Bank of India are beneficial to all profiles of construction equipment customers. This partnership highlights the bank’s strong commitment to funding construction equipment. With Union Bank of India as our preferred financier, customers can conveniently access financing solutions for our earthmoving and construction equipment without the need to explore alternative options.”

Mr Naveen Jain, Zonal Head, Pune of Union Bank of India, commented, “We are pleased to enter this strategic partnership with SANY India and continuously strive to provide beneficial opportunities for our customers. With construction and infrastructure activities thriving across the country, the demand for earth-moving and construction equipment is on the rise. Through our Construction Equipment Finance schemes, prospective buyers of SANY equipment can easily avail themselves of financing tailored to meet their financial requirements.”

This partnership marks a milestone in the financial and construction sectors, promising a collaborative relationship that will benefit customers, foster industry growth, and support national development goals.


SANY India offers the widest range of Construction Machinery in India & South Asia. In 2012, SANY India invested more than INR 1000 crores to develop infrastructure for R&D, Manufacturing, Quality Inspection, Testing, and Service at their manufacturing facility in Chakan, Pune. Through this facility, the company operates in multiple Business verticals viz: Earth Moving, Lifting, Foundation, Mining, Ports, Concrete, Roads and Renewable Energy solutions. Presently, SANY India offers products like excavators, truck-mounted cranes, all-terrain and rough terrain cranes, crawler cranes, transit mixers, batching plants, boom pumps, trailer pumps, piling rigs, motor graders, pavers, milling machine, compactors, reach stackers, rubber tyred gantry cranes, rail-mounted gantry cranes, mining equipment, wind turbine generators and many more.

The company has already established a strong network of around 42 dealers and 260 touch points across India to cater to the growing demand and provide support to all its customers & associates. SANY has more than 30000 machines delivered on the ground, contributing to infrastructure development projects in India & other South Asian countries. Owing to its widest product range, superior build quality, service commitment, innovative solutions, and global expertise, SANY India has achieved market leadership in various construction equipment segments. With the Government of India’s focus on infrastructure development and modernization, the company is poised for tremendous growth.