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Alstom Starts Building 96 Driverless Cars for Chennai Metro Phase II

Alstom has begun manufacturing 96 driverless metro cars for Chennai Metro Phase II under a €135 million contract. The cars, designed in Bengaluru and built in Sri City, will form 32 three-car trainsets. This follows Alstom's completion of a €102 million contract for 108 cars in Phase II's Corridor 4.

Original reporting
metrorailnews.in
Published Nov 13, 2026, 9:37 AM UTC
Analysis
AlphAI AI DeskAI-generated
Added to AlphAI Nov 13, 2026, 9:51 AM UTC. Informational, not investment advice.
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Alstom Starts Building 96 Driverless Cars for Chennai Metro Phase II — source image
Source · metrorailnews.in
Decision brief

The 30-second read

Med
01

Why it matters

The contract adds €135 million to Alstom's order book and extends its presence in the Indian metro market, potentially boosting future earnings.

02

Market read

New large contract for driverless metro cars may lift Alstom's stock and benefit the rail equipment sector.

03

What to watch

Potential competition from other manufacturers and the long-term maintenance obligations

Relevance 8/10Novelty 8/10Timing: today

Background

Alstom's Sri City facility in Andhra Pradesh is part of India's Make in India initiative, targeting domestic rail projects.

Market effects

Sector

strengthens outlook for the rail transport equipment sector in India and emerging markets

Regional

supports Indian infrastructure investment sentiment

Global

moderate, as Alstom is a key player in global rail solutions

Counterpoint

What could challenge this read

The contract may be offset by execution risks or currency fluctuations, limiting upside

Key entities

  • Company
    Alstom

    French rail equipment manufacturer, listed in the US as ALST

  • Company
    Chennai Metro Rail Limited (CMRL)

    Operator of Chennai Metro, contract awardee

Read at source← All news

StoryAlstom starts production of 96 driverless metro cars for Chennai Metro Phase II

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Alstom has started manufacturing 96 driverless metro cars for Chennai Metro under a 135-million-euro contract. The cars, to be produced at its Sri City facility, will be part of Chennai Metro Phase II, spanning 119 km. Alstom will also provide 15 years of maintenance. The trains will feature advanced automation, cybersecurity, and passenger amenities.

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