Early this year, Siemens signed a Rs 26,000 crore ($3.25 billion) contract with Indian Railways to supply and service electric locomotives for freight movement in India. The deal is the biggest locomotive deal in the history of Siemens Mobility and the single largest order for the company in India.
“The $3 billion large order (from Indian Railways) that we won, will for sure accelerate component and locomotive manufacturing here,” said Peter Koerte, Chief Technology Officer and Strategy Officer, Siemens AG, adding that Siemens also has a site where it develops a lot of infrastructure solutions and wants to use India as a hub for mass transit solutions which is a huge opportunity.
As part of the agreement, Siemens will deliver 1,200 electric locomotives of high capacity 9000 horsepower (HP) and also provide servicing for 35 years to the Railways. The deliveries would be undertaken over an eleven-year period.
Siemens said it has engineering capacities in India (30 factories) and wants to build and look at how it can develop this further for the region.
“We already have the Pune-Hinjewadi project with the Tatas. We are looking at expanding those once we have got a cookie cutter concept which you can replicate across the country,” said Sunil Mathur Managing Director and Chief Executive Officer, Siemens Limited.
