Siemens bets on private capex revival in India, sees local businesses leapfrog to AI-led automation

Mobility is the most dramatic and advantageous segment. 9,000 horsepower locomotive project ₹The 26,000-crore order won in nine months, which Mathur calls “the fastest order of this size anywhere in Siemens”, is now accelerating. The delivery program will increase from 40 locomotives to 80, then 100, then 160 in two years. “Whenever there is an increase, there will be an increase in volumes and then there will be sustained growth,” the India CEO said.