Jupiter Wagons, a leading Indian railway wagon manufacturer, aims to boost its exports to ₹2,000 crore by the end of the next financial year. Currently, the company exports CMS crossings and brake systems mainly to North America and Europe, with annual exports around ₹100 crore.
Managing Director Vivek Lohia said that wheels will become a major export item alongside brake systems and crossings. The company is targeting markets in Africa and Southeast Asia for wagon exports, with Bangladesh and Sri Lanka being key markets.
Jupiter Wagons is producing wheels at its Aurangabad plant in Maharashtra. This year, they plan to produce 20,000 wheels, increasing to 30,000 wheel sets per year by the next financial year. To meet growing demand, the company plans to invest ₹1,200 crore in wheel manufacturing and recently raised ₹800 crore through a Qualified Institutional Placement. In March, Jupiter Wagons acquired Bonatrans India for ₹271 crore, becoming the first rolling stock manufacturer with its own wheel plant.
The company operates wagon manufacturing plants in Bandel, West Bengal, and Jabalpur, Madhya Pradesh. Last year, they produced about 8,000 wagons per month and aim to increase this to 10,000 units per month this year.
Jupiter Wagons is an Indian company that specializes in manufacturing railway wagons and components. Based in Kolkata, it plays a significant role in the railway industry by producing various types of wagons used for transporting goods. The company has also expanded its operations to include the production of braking systems and other related components.
With a focus on innovation and quality, Jupiter Wagons aims to enhance its market share and explore new export opportunities, particularly in regions like Africa and Southeast Asia. Through strategic investments and partnerships, it is positioning itself for growth in the evolving transportation sector.
