56% of Russian truck market belongs to KAMAZ

56% of Russian truck market belongs to KAMAZ

Autostat – Russian truck manufacturer KAMAZ has increased its share in 14-40 tonnes truck market by 13 points as of the first nine months of the year, to 56.2%. The company has also increased its share in the heavy tonnage trucks market from 7.8% to 12.8%.

As announced by KAMAZ press office, the production of the new version of KAMAZ-5490 model has started in the factory despite the crisis, moreover, the demand for the model has been on the rise continuously. The sales figure of the model has been announced as 130 for August and 246 for September.

According to KAMAZ data, the volume of the 14-40 tonnes truck market reached 24,300 vehicles (-53.5%) and heavy tonnage trucks market 1600 vehicles(-60.1%), by the end of the first nine months of the year.

The company intends to focus on foreign markets, during the market shrinkage. 1121 trucks have been exported within the nine months period. The figure was 589 during the same period of last year.

According to Autostat data, KAMAZ has manufactured over 18,000 trucks within the nine months period. KAMAZ predicts the year-end 14-40 tonnes truck market as 39,000 vehicles. The company’s annual market share expectation is 51% (45.9% previous year).