Economy
Wabtec Secures $94 Million Order from Indian Railways for Vande Bharat Sleeper Trains

Wabtec Secures $94 Million Order from Indian Railways for Vande Bharat Sleeper Trains

The Hindu2h
THE BRIEF
1

U.S.-headquartered Wabtec Corporation has secured a $94 million contract from Indian Railways to supply braking systems, doors, and gangway solutions for the Vande Bharat sleeper train program.

2

Under the agreement, Wabtec will supply components to the Integral Coach Factory for 50 trainsets, each comprising 24 coaches, over the next two financial years.

3

Wabtec executives reported that India accounts for nearly 10% of the company's global transit revenue, a figure projected to climb to 13-14% by 2030.