Close Menu
Travellers World Online
    Facebook X (Twitter) Instagram
    Travellers World OnlineTravellers World Online
    • Home
    • Industry News
      • New Appointments
      • Culture
      • Travel Tech
      • Book Review
    • Stories
      • Tourism
      • Wildlife
      • Environment
    • Interviews
    • Hotel Review
    • Green Warrior
    • Follow the Food
    • Jobs
    • More
      • E-Mag
      • Contact Us
    Travellers World Online
    Home»Industry Speaks»Terex India partners with Eqaro Guarantees to announce ‘Franna Assure’
    Industry Speaks

    Terex India partners with Eqaro Guarantees to announce ‘Franna Assure’

    Jaun ShahiBy Jaun ShahiMarch 17, 20232 Mins Read
    Facebook Twitter LinkedIn WhatsApp
    Terex
    Share
    Facebook Twitter LinkedIn WhatsApp Email

    Mumbai, 16th March 2023: As a first-of-its-kind buyback assurance, Terex announced its partnership with Eqaro Guarantees to provide ‘Franna Assure,’ a yearly Residual Value Guarantee (RVG) for the range of cranes under the Franna brand. Under the program, Franna Assure will provide surety for buyback value of up to 48% at the end of five-year contract terms to Franna owners in India.

    ‘Franna Assure’ provides buyback assurance for crane owners in India, protecting them from losses incurred due to low resale values, resulting in further reduced balance sheet risks. Under the program, buyers have the added advantage of focusing on core competencies by securing services from authorized Franna dealers. The buyback assurance enables customers to upgrade from preceding models and range after completion of the tenure via utilizing the buy-back value for the purpose of purchasing a new model with greater capacity.

    Vikash Khandelwal, CEO, Eqaro Guarantees said, “We are excited about our collaboration with Terex India for this first in India initiative. Residual Value Guarantees have been a long-standing need of the construction equipment industry. Franna Assure will provide guarantee on the Franna range of cranes for their future value and indemnify the owner against loss, if the sale of a crane is less than the residual value specified in the guarantee. We believe that Franna Assure will help add to the buyer confidence by providing certainty around the residual value and further improve market penetration

    Mr. Jaideep Shekhar, Managing Director, Terex India Pvt. Ltd. said, “This collaboration will help in enhancing the experience and satisfaction of our customers in India. ‘Franna Assure’ will provide customers an opportunity to upgrade their fleets within 5 years, allowing them access to the latest technology and enabling them to achieve higher capacity with assured resale value for their Franna cranes, keeping their business ahead in the competition.”

    Via the program, Franna Assure will provide customers buyback assurance of up to 48% for their Franna cranes within 3, 4 and 5 years of contract terms.

    Eqaro Guarantees Franna Assure Terex India
    Share. Facebook Twitter LinkedIn WhatsApp
    Jaun Shahi

    More article from Jaun Shahi

    Leave A Reply Cancel Reply

    Industry Speaks

    Kavya Navani’s Arangetram on July 27th, 2025

    Ehsaas Presents “Shiva – All Encompassing”: Samik De’s Solo Digital Show

    Zayed National Museum to Open in December 2025

    Follow the Food

    The China Kitchen at Hyatt Regency Delhi Unveils a Regionally Inspired Menu

    Chowman Brings Back the Annual Oriental Seafood Festival 2025 in Delhi NCR

    Underdoggs Sports Bar Expands to 6 Cities in India

    Interviews

    Coffee with Kiran – A conversation

    Bridging Global Techniques with Local Soul : Chef Vardaan Marwah

    In Conversation with Vinod Kumar Sah, Co-Founder & CTO, CoTrav

    About The Team

    This is an initiative by a group of highly experienced individuals from mainstream Media, photography, hospitality and travel industry.

    Facebook X (Twitter) Instagram YouTube LinkedIn
    Custom Links
    • About us
    • Refund Policy
    • Privacy Policy
    • Terms & conditions

    Subscribe to Updates

    Get the latest news about Travel Industry in your inbox

      © 2025 travellersworldonline.com.

      Type above and press Enter to search. Press Esc to cancel.