Siemens Gets €3 Billion Locomotive Contract from Indian Railways
Indian Railways has given Siemens Mobility an order for 1,200 locomotives of 9,000 horsepower (HP). This is the largest order for locomotives in the history of Siemens Mobility and the largest order in the history of Siemens India.
The locomotives will be designed, built, commissioned, and tested by Siemens Mobility. The contract comprises 35 years of complete service, maintenance, and delivery over eleven years.
The locomotives will be built at the Indian Railways facility in Dahod, Gujarat, India. The maintenance will be carried out in four Indian Railways depots: Vishakhapatnam, Raipur, Kharagpur, and Pune.
Locomotive assembly and maintenance will be carried out in collaboration with Indian Railways personnel. The contract is worth almost €3 billion in total, excluding taxes and pricing variations.
"Siemens is helping India's transportation sector change sustainably as the country tries to almost double the amount of freight that can be moved by rail," said Roland Busch, CEO of Siemens. "I’m proud that this major order will help India achieve its ambitious goal of creating the world’s largest green rail network, as our locomotives will save more than 800 million tonnes of CO2 emissions over their lifecycle."
“We are delighted to partner with Indian Railways and deliver one of the most powerful electric locomotives available. These new locomotives will help increase freight transport on one of the world's largest rail networks, as they can replace 500,000 to 800,000 trucks over their lifecycle. Indian Railways has promised for a long time that all rail traffic in India will be powered by electricity. This historic order makes that promise even stronger. Our partnership will further strengthen Siemens Mobility’s position in India and support the country’s expanding railway market,” said Michael Peter, CEO of Siemens Mobility.