Source: https://themachinemaker.com/news/beml-is-set-to-export-vande-bharat-and-metro-trains/
Publisher: The Machine Maker
BEML is reportedly making strategic moves to export its Vande Bharat and Metro train coaches, signaling its ambition to enter the global market. Shantanu Roy, the Chairman of BEML, disclosed to the Economic Times that the company aims to expand its reach beyond India by introducing its high-speed Vande Bharat trains and Metro trains to international markets. This move is a key component of the company’s broader strategy to diversify its business operations and strengthen its global footprint.
BEML, a leading manufacturer of rail coaches and spare parts in India, has been instrumental in the development and production of the Vande Bharat trains. These trains, recognized as India’s first semi-high-speed, self-propelled train sets, have garnered significant attention domestically. The company has also made substantial contributions to the manufacturing of Metro trains, further cementing its position as a major player in the Indian rail industry.
The decision to export Vande Bharat and Metro train coaches underscores the company’s confidence in the quality and reliability of its products. It also reflects the company’s ambition to establish a strong presence in the international rail market. By taking this bold step, the company aims to position itself as a competitive force in the global rail industry, leveraging its expertise in train manufacturing.
Roy highlighted that the company is targeting an increase in export contributions to its overall revenue, with a goal of exports accounting for 10% of BEML’s topline, up from the current 4%. This shift towards boosting export sales aligns with BEML’s long-term objectives of expanding its market share and enhancing its revenue streams.
BEML’s operations are categorized into three primary segments: mining and construction, defense, and rail and metro. Each of these sectors plays a crucial role in the company’s business portfolio. However, the focus on exporting Vande Bharat and Metro train coaches marks a significant milestone in BEML’s journey, as it seeks to tap into new markets and broaden its customer base on a global scale.
BEML Limited, formerly Bharat Earth Movers Limited, is a leading Indian manufacturer specializing in heavy equipment, rail coaches, metro coaches, and defense vehicles. With diversified operations across mining, construction, defense, and rail & metro sectors, the company plays a crucial role in India’s infrastructure development. The company is expanding its global presence through strategic exports and innovation.
