Kamaz launches production in India
Date:2010-02-26 Source:www.chinatrucks.com
(chinatrucks.com, Feb.26, 2010)Kamaz has announced that it has commenced vehicle production at the hosur plant of its joint venture with India's Tetra Vectra.
Sergei Kogogin, Kamaz General Director, was optimistic about the success of the new plant for Kamaz.
In March 2009 Kamaz and Tatra Vectra signed a memorandum on the formation of the joint venture in which Kamaz paid 278 million Roubles for the Indian truck producer. The company expects to produce 5,000 vehicles a year.
Igor Korovkin, executive officer at the Association of Russian Automakers said the move was and important step and was promising.
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