India: The company is targeting an output of over 1,000 railcars per month this financial year.
Previously, it announced its intention to increase production at its Titagarh plant from 8,000 to 12,000 freight cars until 2025. Over the same period, it also plans to build new facilities for the assembly of metro trains, which will allow increasing the annual production of such cars from 250 to 450 units.
Recently, Titagarh Rail Systems Limited (TRSL, formerly Titagarh Wagons Limited) announced significant changes in its management structure. The Talent and Management Pipeline Development Committee of the Board of Directors, constituted earlier this year, recommended identifying and promoting internal talent to take up leadership positions in the company. As a result, TRSL has appointed a new Deputy Managing Director and CEO of the Freight Rail Systems, a new Deputy CEO of the Passenger Rolling Stock, and a new CFO and CRO.
TRSL is currently executing the order for the Pune Metro and will soon start production for the Bangalore Metro under the business alliance with CRRC, followed by metro cars for the Surat and Ahmedabad metros. In a consortium with BHEL, the company has received the order for 80 Vande Bharat EMUs to be manufactured at the Uttarpara plant. Recently, Titagarh has tied up with ABB to develop a propulsion system including TCMS for metro cars.
TRSL has a subsidiary in Italy called Titagarh Firema, which manufactures passenger rolling stock. In 2023, it won a tender to supply up to 370 passenger cars to Italy in a consortium with Skoda Group. Last year, Titagarh received state support to develop production in this European country.