KAZAN, Tatarstan -- Russia's KamAZ manufacturer says it has begun manufacturing trucks in India in a joint venture with the India-based Vectra Group, RFE/RL's Tatar-Bashkir Service reports.
Tatar Prime Minister Rustam Minnikhanov, KamAZ CEO Sergei Kogogin, and Vectra Group President Ravi Rishi took part in a ceremony marking the plant opening in the southern Indian city of Hosur on February 25.
Minnikhanov welcomed the production of KamAZ trucks in India. "I hope there will be more areas for cooperation like this between Tatarstan and Indian companies," he said.
The Russian-Indian joint venture KamAZ Vectra Motors plans to produce 5,000 trucks per year at Hosur.
KamAZ had to severely cut production of trucks in 2009 at its main plant in Naberezhnyye Chelny, Tatarstan, due to the global economic crisis.
KamAZ, which was founded in 1969, is one of the largest truck makers in the world, producing some 47,500 heavy-duty trucks in 2008 and about 23,000 in 2009.