India: This is the estimated growth trajectory for the next five or six years, as provided by Amber Group, India.
In April, the company established a joint venture with Yujin Machinery, South Korea, to produce driving gears, couplers and pantographs for passenger rolling stock, including Vande Bharat, India’s national train platform.
The joint venture was established as part of Amber Group’s strategy to build competencies in the production of rolling stock components in response to the explosive growth of the Indian market and the introduction of new localisation requirements. The company has established itself as a supplier of climate control systems and components for various industries and consumer markets, with 27 production facilities in India.
Amber Group’s partner in a joint venture set up this year, Titagarh Rail Systems, an Indian rolling stock manufacturer, is focused on expanding its output of passenger rolling stock, including both EMUs and metro cars.
