Steel Authority Of India Ltd. , Bharat Forge Ltd. & Ramkrishna Forgings Ltd. in Partnership with $Titagarh Wagons Ltd. are in the race to manufacture forged wheels for Vande Bharat trains, LHB coaches & Locomotives in the country, to reduce dependence on import of wheels.
In September last year the govt had floated a tender for these wheels to be used in high speed & semi high speed trains.
Currently these wheels are majorly imported from China. Now according to Industry participants these wheels are manufactured only by Railways for captive consumption, but still the demand is huge & the supply is short globally. Thus to meet the domestic requirement the Industry players have to import. Some also say that the price & quality of Chinese players cant be met by Indian players thus import is a cheaper option.
Thus it remains to be seen if India can maintain the same standard then it can also export in huge quantities as $Titagarh Wagons Ltd. not only gets domestic orders but also possesses Export orders which are currently less compared to domestic but it has plans to increase its exports.
Thus if everything goes fine it can be a game changing business for these companies as global market & requirement is huge
In September last year the govt had floated a tender for these wheels to be used in high speed & semi high speed trains.
Currently these wheels are majorly imported from China. Now according to Industry participants these wheels are manufactured only by Railways for captive consumption, but still the demand is huge & the supply is short globally. Thus to meet the domestic requirement the Industry players have to import. Some also say that the price & quality of Chinese players cant be met by Indian players thus import is a cheaper option.
Thus it remains to be seen if India can maintain the same standard then it can also export in huge quantities as $Titagarh Wagons Ltd. not only gets domestic orders but also possesses Export orders which are currently less compared to domestic but it has plans to increase its exports.
Thus if everything goes fine it can be a game changing business for these companies as global market & requirement is huge