Wagon Maker Gets Zero Orders, Says India Policy Key to Revival
- Needs at least four months to normalize output post lockdown
- Company shifting supply of parts from China to Europe, India
Trains sits idle at the New Delhi Junction railway station during a lockdown imposed due to the coronavirus in New Delhi on April 27.
Photographer: T. Narayan/BloombergThis article is for subscribers only.
Titagarh Wagons Ltd., the biggest private sector manufacturer of wagons for the Indian Railways, hasn’t received a single order since the new fiscal year started April 1 and said the government policy is crucial to reviving its business.
The Kolkata-based company typically targets as many as 500 wagons a month, and has existing orders to last through December, Managing Director Umesh Chowdhary said by phone this week. He estimates it would take at least four months to return to normal production after India’s stay-at-home order is lifted.