Kamaz to Restart Truck Assembly in India
Published On Apr 08, 2016
Indian truck market has been en-route to recovery after a slump in sales from 2012 to 2014. The market has yet to throttle to its full potential but the huge gain is sales for Ashok Leyland, Eicher and others has made others feel hopeful. With India already emerging as a potential market in the global economy, foreign truck makers like Volvo, Scania, Isuzu, Kamaz and others are planning to boost up their production in the country. In the latest development, Russian maker Kamaz has said that it would again commence assembling of its trucks in India most probably from the second half of 2016.
Talking to Rossiya 24 TV channel, company’s Chief Executive Sergei Kogogin said, “Today we’ve signed agreements on contract assembly and we’re restarting work on the Indian market in the second half of the year.” The company would uses its Tamil Nadu plant to assemble the trucks. Going back a bit, Kamaz had entered India in partnership with Vectra Group in 2011, however, it has been operating solely since 2014 after acquiring its partner.
As of now, Kamaz’s fleet in India has six trucks with GVW ranging from 25 to 49 tonne but after starting local assemble plant, there could be some new product added to the list. The company is also planning to export its truck to other Asian country from its Tamil Nadu plant, making India a base for its continental operations. However, there is no official confirmation on the same yet.