Freight wagon market in India set to double by 2031 driven by exports, tech upgrades: Report
The freight wagon market in India is expected to nearly double by 2031, touching Rs 250-300 billion from the current Rs 120-140 billion, driven by strong export potential and technological advancements, according to a report by SMIFS, a stock market company.
The report highlighted that as of 2025, the market is valued at Rs 120-140 billion, supported by large-scale procurement from Indian Railways (IR) and increasing participation from the private sector.
