‘India a bigger rail market than China’

Electro-Motive Diesel (EMD), part of the $65-billion capital goods major Caterpillar, is one of the two key American firms competing for a tender to supply diesel locomotives to Indian Railways, the other being GE. William P. Ainsworth, President and CEO of EMD and Progress Rail Services (the Caterpillar-owned subsidiary that acquired EMD in 2010), speaks about the key markets for the company’s business and also its attempts to develop gas-based locomotives on the back of high diesel prices.

Edited excerpts:

What is the value of business that EMD gets from India?

The problem is we are not a separate reporting section within Caterpillar and we don’t reveal the business we do with separate customers. In India, we have one customer — Indian Railways — so it would be difficult to share numbers.

Which countries provide you business?

North America is our largest market. After that it is India, Australia and Brazil.

Not China?
We do some business in China, but it is not a large market for us. Several years ago, in 2005, we had a large order to provide 300 locomotives to China…But India is a consistent market for us.

Read the full report here, Business Line


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