Wabtec Awarded $157 Million Brake System Order from Siemens Limited

Wabtec Transit HosurHosur/Bangalore, January 25, 2024 — Wabtec Corporation (NYSE: WAB) announced today a large brake system order from the Mobility Business of Siemens India Private Limited for the prestigious 9000HP locomotive project for Indian Railways. The $157 million (Rs.1300 crore) order will provide improved operating performance, efficiency, and safety with the latest technology for the new line of 1,200 electric locomotives.

“Siemens is firmly committed to transforming rail and mobilize India with cutting-edge technologies and solutions. We are excited about our partnership with Wabtec, who also shares a similar vision of creating a green and world-class railway network,” said Gunjan Vakharia, Head of Mobility Business, Siemens Limited.

The order has Wabtec supplying Siemens with brake systems from Wabtec’s Hosur plant for 11 years and maintenance services for 35 years. Siemens will assemble the locomotives at the Indian Railways factory in Dahod, in the state of Gujarat, India.

“Wabtec is committed to the delivery of high-performance and safety-critical products for the Indian market,” said Sujatha Narayan, Senior Vice President and India Region Leader, of Wabtec Corporation. “The ILS series of the braking system is a product ‘Made in India’, which is designed and developed by the India-based engineering team.”

The high-performance brake system will equip the locomotives with critical safety features, high reliability, and reduced maintenance intervals. Wabtec already supplies brake systems for other Indian Railway and metro projects making the company a highly valued brake supplier across platforms for mainline and urban rail mobility.

Wabtec’s Transit business in India can build major subsystems, which include brake systems, pantographs, couplers, air-conditioning systems, and passenger access doors. The company’s large engineering presence in Hosur and Bangalore can provide technical and service support.