On June 4, 2026, the three companies announced that TrinityRail Global will acquire a 32 percent stake in Touax Texmaco Railcar Leasing Pvt Ltd (TTRL), the existing joint venture between Touax Group and Texmaco. This transaction creates India’s first global railcar leasing platform.
This venture aims to combine the strengths of all partners: Touax’s leasing expertise, TrinityRail’s advanced rail technology and global leadership, and Texmaco’s manufacturing capabilities and market presence. The platform intends to deliver integrated solutions covering manufacturing, leasing, financing, and lifecycle management.
Focused on India’s fast-growing freight rail market, which is valued at approximately Rs 3 lakh crore, the partnership will introduce advanced wagon designs, professional leasing models, and lifecycle management services. These innovations are expected to reduce maintenance costs, improve asset utilization, and shorten production timelines.
Texmaco Chairman Saroj Kumar Poddar described the venture as a defining development for India’s freight rail ecosystem, enhancing scalability, resilience, and global standards. Jean Savage, CEO and President of Trinity Industries, highlighted the platform’s role in bringing advanced wagon designs and leasing expertise to India, aligning with the country’s goal to increase rail freight share from 27% to 45%.
Fabrice Walewski, CEO of Touax Group, emphasized India’s strategic importance and the partnership’s ability to provide the technical and financial scale necessary to support expanding freight demands.
The venture will also promote indigenized manufacturing through Texmaco’s facilities and Global Capability Centre, supporting the Atmanirbhar Bharat initiative. Customers can expect asset-light operating lease models that offer access to modern rolling stock without heavy upfront investment, along with global financing support to enhance leasing efficiency and fleet adoption.
