India could become largest Kamaz truck maker outside Russia
Russian News & Information Agency: January10,2008
NEW DELHI, January 10 (RIA Novosti) - Kamaz, one of Russia's largest truck makers, plans to sign an agreement on a joint venture with India's Tatra Vectra in February, which could make it the largest Kamaz plant outside of the country.
"If our plans are implemented, this will be Kamaz's largest assembly enterprise outside of Russia," the company's Asia Pacific director, Denis Trifonov, said.
He said the enterprise in which Kamaz will hold a controlling stake will organize a complete knocked down (CKD) assembly of Russian trucks in Hosur in India's south, adding that the trucks would be popular because they cost less than Western-made analogues.
Trifonov said 10% of locally produced vehicle components would be used in the first stage, with their share to be raised to 30-40% in two-three years.
Kamaz's new production line will help sell the trucks in India, Bangladesh, Myanmar, Sri Lanka and possibly Malaysia. Kamaz has assembly plants in Ukraine, Kazakhstan, Vietnam, Pakistan and Iran.
