Railways has finally succeeded in attracting a major FDI in the country with Bonatrans, a Czech wheel and axle manufacturing company, which would set up a wheel factory — at an estimated cost of Rs 200 crore — in Aurangabad, Maharashtra.
The wheel factory, which would be 100% Indian subsidiary of Bonatrans, will produce about 20,000 wheel sets and 5,000 axles in a year, and gradually ramp up the supply to 50,000 wheels annually. “The plant will be operational in 2015,” Jakub Weimann, MD of Bonatrans Group said.
Bonatrans, a major manufacturer of railway wheel sets in Europe and has about 35% share in the European market, has already been supplying wheel sets to Indian Railways. The Czech firm’s products are used in locomotives, coaches and EMU units of Indian Railways.
The wheel factory, which would be 100% Indian subsidiary of Bonatrans, will produce about 20,000 wheel sets and 5,000 axles in a year, and gradually ramp up the supply to 50,000 wheels annually. “The plant will be operational in 2015,” Jakub Weimann, MD of Bonatrans Group said.
Bonatrans, a major manufacturer of railway wheel sets in Europe and has about 35% share in the European market, has already been supplying wheel sets to Indian Railways. The Czech firm’s products are used in locomotives, coaches and EMU units of Indian Railways.
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