Kamaz Intends to Sell 29 Thousand Trucks in Russian Market in 2020
Thus, the company plans to maintain sales at the current year level. As previously reported by Kamaz CEO Sergey Kogogin, by the end of 2019, the company intends to sell no more than 29 thousand trucks in the Russian car market. However, the company's export plans have become more ambitious - 6.7 thousand cars in 2020 compared to 5 thousand in 2019.
At the same time, Kamaz expects to occupy a 46% share in the Russian truck market in 2020. Kogogin said earlier that sales of heavy trucks (14-40 tons) in Russia in 2020, according to Kamaz forecast, will fall by 5% or remain at the level of 2019 (about 58 thousand units).
Kamaz is the largest Russian manufacturer of trucks and is one of the twenty leading global manufacturers. The company produces trucks, trailers, buses, engines, powertrains and various tools. The largest shareholders of Kamaz, according to information posted on the company's website, are Rostec state corporation (47.1%), Avtoinvest LLC (23.54%) and the German automobile concern Daimler (15%).