Bombardier to Use India Rail Car Facility for Exports (Update1)
By Vipin Nair and Hugo Miller
Nov. 13 (Bloomberg) -- Bombardier Inc., the world's second- largest trainmaker by sales, will use its first Indian metro rail coach factory as a hub for exporting to Southeast Asia as it wins more orders in the region.
Bombardier will begin assembly of rail coaches at Savli in western India from March 2009, it said in a statement issued at the factory site. The 33-million-euro ($41 million) plant will be inaugurated later today.
The Montreal-based company is looking to capture new business in Asia's third-largest economy, which is improving public transport in cities such as Mumbai, New Delhi and Bangalore. Bombardier, which also has manufacturing facilities in China, last week won a S$571 million ($377 million) order to supply Movia rail cars to Singapore.
India, Singapore, Thailand and other Asian countries are building more railway networks to ease urban traffic. Singapore's government said in January it will double spending on subways.
Bombardier's Savli facility was set up to supply Movia coaches for Delhi Metro Rail Corp. The company has an order to provide 424 Movia rail coaches to Delhi Metro, of which of 388 will be produced at the Indian site, and the rest supplied from Germany, the statement said.
The company has won orders for more than 3,300 Movia cars from cities such as London and Shanghai. Bombardier metro cars are in service with operators in Shanghai, Guangzhou, Shenzhen and Hong Kong.
Bombardier is competing with Siemens AG and Alstom SA to win an order to supply at least 660 electric locomotives to Indian Railways, the Mint newspaper reported Oct. 3, without saying where it got the information.
To contact the reporters on this story: Vipin V. Nair in Savli, India at [email protected]; Hugo Miller in Toronto on [email protected]
Last Updated: November 13, 2008
By Vipin Nair and Hugo Miller
Nov. 13 (Bloomberg) -- Bombardier Inc., the world's second- largest trainmaker by sales, will use its first Indian metro rail coach factory as a hub for exporting to Southeast Asia as it wins more orders in the region.
Bombardier will begin assembly of rail coaches at Savli in western India from March 2009, it said in a statement issued at the factory site. The 33-million-euro ($41 million) plant will be inaugurated later today.
The Montreal-based company is looking to capture new business in Asia's third-largest economy, which is improving public transport in cities such as Mumbai, New Delhi and Bangalore. Bombardier, which also has manufacturing facilities in China, last week won a S$571 million ($377 million) order to supply Movia rail cars to Singapore.
India, Singapore, Thailand and other Asian countries are building more railway networks to ease urban traffic. Singapore's government said in January it will double spending on subways.
Bombardier's Savli facility was set up to supply Movia coaches for Delhi Metro Rail Corp. The company has an order to provide 424 Movia rail coaches to Delhi Metro, of which of 388 will be produced at the Indian site, and the rest supplied from Germany, the statement said.
The company has won orders for more than 3,300 Movia cars from cities such as London and Shanghai. Bombardier metro cars are in service with operators in Shanghai, Guangzhou, Shenzhen and Hong Kong.
Bombardier is competing with Siemens AG and Alstom SA to win an order to supply at least 660 electric locomotives to Indian Railways, the Mint newspaper reported Oct. 3, without saying where it got the information.
To contact the reporters on this story: Vipin V. Nair in Savli, India at [email protected]; Hugo Miller in Toronto on [email protected]
Last Updated: November 13, 2008
