Signs MoU with Poland's PESA to explore passenger rolling stock for India's metro, semi high-speed and high-speed
Jupiter Wagons signed an MoU with Poland's PESA.
By ScoutQuest · · 2 min read
- Counterparty
- PESA (Pojazdy Szynowe PESA Bydgoszcz S.A.), Poland's largest manufacturer of trainsets and metros
- Scope
- development, manufacturing and deployment of passenger rail vehicles in India and other markets
- Deal status
- MoU — a framework to explore, not a confirmed order
What was signed
Jupiter Wagons Limited has signed a Memorandum of Understanding (MoU) with Pojazdy Szynowe PESA Bydgoszcz S.A. (PESA), described in the release as Poland's largest manufacturer of trainsets and metros. The stated intent is to explore cooperation in passenger rolling stock for India, as the release puts it, in the metro, semi high-speed and high-speed segment.
The MoU was signed during the Polish-Indian Economic Forum in New Delhi.
Scope of the framework
- Exploration of cooperation in the development, manufacturing and deployment of passenger rail vehicles for regional, intercity and urban transport applications in India and other markets.
- The release also refers to a framework spanning passenger rolling stock and component localisation.
- JWL describes the move as the next step in its evolution from a wagon manufacturer into an integrated mobility solutions company, bringing freight and passenger rolling stock, along with critical components, under one umbrella.
What each side brings
- PESA, with roots in Bydgoszcz dating back to 1851, designs, manufactures and maintains passenger rolling stock including metros and trams across Europe.
- JWL brings manufacturing scale, a track record of supplying Indian Railways and private players, and integrated capabilities across rolling stock, components, castings and wheelsets.
What this is, and what it is not
The document is a Memorandum of Understanding to explore cooperation. It is described as a framework, and not as a confirmed order or a final supply contract. How far the cooperation goes would depend on what the two companies take forward from here.
Management comment
Managing Director Vivek Lohia said Indian rail is entering a decisive decade and that companies leading it will be those offering complete solutions rather than individual products; he framed passenger rolling stock as the natural next layer for JWL. Krzysztof Zdziarski, CEO of PESA Bydgoszcz, described India as one of the most attractive rail markets and the collaboration with Jupiter Wagons as an important step in PESA's international expansion.
Company background mentioned
JWL has manufacturing facilities in Kolkata, Jamshedpur, Indore, Jabalpur, Bangalore and Aurangabad, and lists clients including Indian Railways, American Railroads, Indian Ministry of Defence, BEML, Alstom, Tata Motors, GE and Volvo Eicher Motors. It has established partnerships with Tata Vagonka a.s. (Slovakia), DAKO CZ (Czech Republic), Kovis d.o.o. (Slovenia) and Talleres Alegria s.a. (Spain).
The release carries a safe harbour note stating that certain statements are forward-looking and subject to risks and uncertainties that could cause actual results to differ materially.
Also from Jupiter Wagons
Non-Binding MoU with Poland's PESA to explore passenger rolling stock for metro, semi high-speed and high-speed
23 Oct 2026
Wins 41 MW/102.5 MWh BESS project in Uttarakhand; receives Letter of Award for 50 MW/200 MWh Jeerat project in West Bengal
5 Oct 2026
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1 Oct 2026
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