Action Construction Equipment Limited (ACE) and Sanghvi Movers Limited signed a strategic Memorandum of Understanding in Bengaluru to scale up the deployment and usage of indigenously manufactured heavy slew cranes, primarily truck cranes and crawler cranes, across major infrastructure and industrial projects in India.
The collaboration supports the Government of India's Aatmanirbhar Bharat vision under the Make in India program. The MOU aims to promote medium-term cooperation between the two companies to increase market adoption of Indian-made heavy lifting equipment, reduce dependence on imported cranes, and strengthen national capabilities in the sector.
Under the agreement, Sanghvi Movers will expand its fleet with heavy cranes manufactured by ACE, supporting domestic manufacturing and enabling faster, cost-efficient project execution across the country. ACE will prioritize product support, customization, and technical solutions tailored to India's infrastructure ecosystem.
The partnership is expected to drive import substitution, develop local supply chains, and contribute to employment generation, skill development, and technology advancement. The joint initiative will support India's objective of becoming a global hub for high-capacity lifting solutions.
Sorab Agarwal, Executive Director, ACE, said: "India's heavy slew cranes market has historically relied on imports. Through this partnership, we are deepening the Make in India initiative by offering world-class indigenous alternatives that deliver performance, safety, and lifecycle value. This MOU reflects our commitment to building national capability and contributing to true industrial self-reliance."
Rishi C. Sanghvi, Managing Director, Sanghvi Movers, added: "Our collaboration with ACE is a strategic enabler for sustainable growth. By expanding our fleet with domestically manufactured cranes, we not only reduce import dependency but also ensure superior serviceability, quicker turnaround time, and greater value creation within India's economy."
ACE was established in 1995 and is headquartered in Palwal, Haryana. The company is the world's largest pick-and-carry cranes manufacturer with over 63% market share in the mobile cranes segment and around 60% market share in the tower cranes segment domestically. ACE offers mobile cranes, tower cranes, electric cranes, crawler cranes, truck cranes, and other construction and material handling equipment. The company has a sales and service network across over 125 locations supported by 13 regional offices in India and exports to over 37 countries.
Sanghvi Movers Limited was established in 1989 and is headquartered in Pune, Maharashtra. The company is India's and Asia's largest, and the world's fifth largest crane rental company with over 450 cranes ranging from 40 to 1600 MT. With presence across 130 active project sites and a network of 15 strategically located depots, Sanghvi Movers supports infrastructure, energy, and industrial projects in India and the Middle East. The company has been listed on BSE and NSE since 1995.