PESA has signed a cooperation agreement with Jupiter Wagons
posted on 22nd Oct 2026 18:59
On 22 October 2026, PESA has signed a cooperation agreement with Jupiter Wagons. The latter is an Indian private manufacturer of wagons and passenger coaches, as well as railway infrastructure components and equipment. Among other projects, the company produces wagons for Indian Railways and private operators. The cooperation agreement between PESA and Jupiter Wagons was signed during the Poland-India Economic Forum in Delhi. It outlines technology transfer and joint production of locomotives and passenger vehicles in India.
"In the context of railways, India is one of the most attractive markets in the world. We have been watching it for years, and now we are gaining a partner with whom we can jointly carry out projects and deliver vehicles to Indian operators. This could become one of our most important markets outside Europe, and the cooperation with Jupiter Wagons is an important step in advancing PESA's international expansion," said Krzysztof Zdziarski, CEO of PESA Bydgoszcz.
The agreement covers cooperation in three key areas: launching the production of locomotives and passenger vehicles based on PESA technology, joint projects related to railway decarbonization including the development of hydrogen-powered vehicles and the supply and manufacture of components.
The Economic Forum in Delhi is one of the events accompanying Prime Minister Donald Tusk's visit to India. It is part of a broader economic pillar of the visit coordinated by Polish development institutions Team Poland. Prime Minister Donald Tusk and Minister of Finance and Economy Andrzej Domański are accompanied by nearly 80 representatives of Polish business and heads of key international expansion institutions: PFR, PAIH, BGK, and KUKE.
In June 2026, PESA Group finalized the acquisition of German tram manufacturer HeiterBlick, and in July, it signed a cooperation agreement with Hitachi Rail. The companies are jointly bidding in the tender to supply very high speed trains for PKP Intercity; the agreement also includes the transfer of aluminium welding and double-deck structure technologies to PESA's plant in Bydgoszcz, as well as joint projects across Central and Eastern Europe and Scandinavia.
PESA employs approximately 4,000 people across its manufacturing and service facilities. The majority shareholder (99.78 %) of PESA Bydgoszcz SA is the Polish Development Fund (PFR, Polski Fundusz Rozwoju. Is is a commercial law company owned by the State Treasury. PFR invests responsibly, mobilizing capital and expertise to fulfil the economic ambitions of Poles and strengthen the economy's resilience. PFR's strategic focus areas include energy transition, international competitiveness of Polish enterprises, innovation and national technological autonomy, long-term financial security for Poles, and economic and defence resilience.
