Jupiter Wagons Partners with Italy to Build India’s First Integrated Private Railwheel Manufacturing Platform
Jupiter Wagons Ltd. has entered into a strategic partnership with Italy’s Lucchini RS Holding and SIMEST to establish India’s first fully integrated private-sector manufacturing platform for railway wheels, axles and wheelsets. As part of the agreement, Lucchini RS will acquire a 15% equity stake in Jupiter Tatravagonka Railwheel Factory (JTRWF), while SIMEST will acquire an additional 10% stake, taking the combined investment to 25% for approximately €28 million.
The collaboration aims to create an end-to-end railwheel manufacturing ecosystem, covering everything from raw material processing to the production of finished railway wheels, axles and wheelsets. By combining Jupiter Wagons’ manufacturing expertise with Lucchini RS’s advanced technology, engineering and metallurgy capabilities, the partnership is expected to strengthen India’s domestic railway manufacturing ecosystem and enhance its competitiveness in global markets.
The integrated platform will leverage JTRWF’s existing facility at Chhatrapati Sambhajinagar along with a new greenfield manufacturing complex being developed in Odisha, which will enable complete in-house production of railway wheels, axles and wheelsets.
Supported by the Government of Italy under the Sistema Italia framework, with SIMEST as an equity investor and CDP providing financial and advisory support, the partnership is also expected to create a strong export platform, positioning India as a key global supplier of high-value railway components.