Russia’s TMH bids lowest for making 200 Vande Bharat trains in India
Russia’s largest rolling stock maker Transmashholding (TMH) has emerged as the lowest bidder for the tender to manufacture 200 Vande Bharat trainsets in India.
TMH’s company Metrowagonmash based in Russia’s Mytishchi, in partnership with Railway PSU Rail Vikas Nigam Limited (RVNL), has quoted ₹120 crore per trainset — the lowest by a long margin, at a time when New Delhi is under pressure to reduce its trade ties with Moscow.
Indian engineering major Bharat Heavy Electricals Limited (BHEL) and Kolkata-based Titagarh Wagons tie-up has emerged as the second lowest bidder quoting Rs 139.8 crore per trainset.
