Wabtec bags $94 million order for Vande Bharat sleeper trains

Wabtec has secured a significant order worth $94 million for the production of sleeper trains for India's Vande Bharat program. This contract marks a substantial win for the company in the Indian market, which currently accounts for nearly 10% of Wabtec's global transit business revenue. As India's contribution to Wabtec's revenue is expected to rise to 13-14% by 2030, this order demonstrates the country's growing importance for the company. The deal is likely to boost Wabtec's presence in the Indian rail industry and support its long-term growth prospects.

Why it matters

Wabtec has secured a significant order for Vande Bharat sleeper trains, which will increase its revenue from India. This is a positive development for the company's global transit business.

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