Czech firm to set up Indian JV to make rail wheelsets by irmafia on 07 October, 2013 - 08:00 AM | ||
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irmafia | Czech firm to set up Indian JV to make rail wheelsets on 07 October, 2013 - 08:00 AM | |
A world leader in manufacture of railway wheelsets, Czech company Bonatrans group, will set up a 100 per cent Indian subsidiary to produce the wheelsets in Aurangabad in Maharashtra.The largest manufacturer of railway wheelsets in Europe has been supplying wheelsets to Indian railways since 1992. It has so far supplied 50,000 wheelsets to Indian railways, metros and suburban coaches as well.“We will be investing Rs 200 crore in the project and we plan to roll out wheels from Indian plants by 2015,” Bonatrans managing director Jakub Weimann told Financial Chronicle.“The company has 30-40 per cent share in supply of wheelsets to Indian Railways and metros together and we hope to gradually take it to 50 per cent,” Weimann said.Nine Czech companies participated in the 10th International Railway Equipment Exhibition, displaying leading rail technologies like wheelsets, pneumatic and electric doors, traction motors, components for passenger and freight transport, innovative solutions in logistics and railway storage infrastructure. |