ZURICH—Siemens has signed a 3 billion euro ($3.25 billion) contract to supply and service freight trains in India, the German engineering company said on Monday, the biggest locomotive deal in its history.
Siemens will deliver 1,200 electric locomotives and provide servicing for 35 years under the agreement, also its biggest ever in India.
The Siemens-designed, 9,000-horsepower trains with a top speed of 120 kilometers (75 miles)/hr will be assembled in India over the next 11 years, with deliveries starting in 24 months.
“These new locomotives … can replace between 500,000 to 800,000 trucks over their lifecycle,” said Siemens Mobility CEO Michael Peter.
The order was a big step for Siemens in India, Peter told Reuters, saying the company had previously mainly provided components and infrastructure there….