New Delhi: Maruti Suzuki India Limited (MSIL) in collaboration with Indian Railways has flagged off India’s first Flexi Deck Auto-Wagon rake, which sets a new benchmark in transportation of new cars through railways. The ‘Flexi deck auto-wagon rake’ provides advantages of higher capacity, flexibility, faster speed and environment friendliness through rail transportation of car.
Mr.Arunendra Kumar, Chairman, Railway Board and Mr. R.C.Bhargava, Chairman, Maruti Suzuki India Limited, jointly flagged of the country’s first ever train designed specifically to transport cars from one location to other. The train is designed by Indian Railways’s Research Design and Standards Organization, and has got 20 per cent additional capacity as compared to the current twin-decker rakes.
With this, the Maruti Suzuki India becomes first automobile company to get a flexi deck auto-wagon rakes. Speaking on the occassion of the flag-off, Mr. Kenichi Ayukawa, Managing Director and CEO, Maruti Suzuki said, “ We are delighted to have initiated this contemporary mode of transport to the Indian automobile industry. Indian Railways deserves all the credit for their foresight and tremendous enthusiasm and co-operation to make this initiative move from a concept to reality within a short span of around 36 months.”
Mr.M.M.Singh, Chief Operating Officer (Production), Maruti Suzuki said, ‘The induction of ‘flexi deck auto-wagon rake’ will start a new chapter in automotive logistics in the country. Trains are one of the fastest, safest and eco-friendly modes of transportation. With these newly designed rakes we have been able to increase the load carrying capacity along with a high flexibility to cater to a variety of vehicle dimensions. We are happy that Indian Railways supported the initiative of Maruti Suzuki to enhance the country’s transportaion infrastructure.”
Designed by Research Design and Standards Organization (RDSO), the ‘Flexi deck auto-wagon rake’ will carry 318 cars as compared to the current twin-decker rakes with carrying capacity of 265 cars.
The first “Flexi deck auto-wagon rake” consisting of 27 wagons chugged off to Nidavanda, Bangalore from Gurgaon carrying a mixed load of Maruti Suzuki cars including Swift, Dzire, Alto, Wagon R and Omni.
The new rake, with its height adjustable middle-deck is highly flexible and can transport vehicles of multiple dimensions.
“The launching of the newly designed auto-wagon rake will add a new dimension in the rail transportation,” said a senior Railway Ministry official, adding “the new rake can move at speed of up to 95 km per hour as compared to 65 km per hour of the existing rakes.”
The new rake can travel between Gurgaon and Bangalore in around 5 days as compared to 7 days by road transportation.
The official said transporting cars by new “Flexi deck auto-wagon rake” will lead to reduction in carbon emission making it more environment friendly.
Maruti Suzuki India’s stock price
Maruti Suzuki India’s stock price closed at Rs.1622.40, up Rs.24.10, or 1.51 percent. The 52-week high of the share was Rs 1864.00 and the 52-week low was Rs 1217.00. The company’s trailing 12-month (TTM) EPS was at Rs 106.68 per share as per the quarter ended December 2013. The stock’s price-to-earnings (P/E) ratio was 15.21. The latest book value of the company is Rs 615.03 per share. At current value, the price-to-book value of the company is 2.64.