Since the beginning of the year, the company has failed to win the contracts to supply almost 200 trams to Israel and 20 trains to Romania. In addition, CRRC has lost a contract to supply up to 33 trains to the Czech Republic and risks losing an order for 216 subway cars for India.
India: The NCRTC operator unveiled the head car of the first electric train. The level of its localisation in accordance with the Make in India program must exceed 80%.
India: Medho Servo Drives announced the completion of a plant in Telangana, which will specialise in the production of electric trains, locomotives, metro cars and monorail.
India: Commissioning works are carried out on tamping machines for IR at the production site of SAN, the partner of STM in India.
India: Minister of Finance Nirmala Sitharaman announced the allocation of 2.45 trln INR ($32.8 bln USD) from the national budget for the railway transport development in 2022-2023.
Austria: The short list was formed by the international analytical company StartUs Insights. It included two companies from Russia and one from Germany, the USA and India.