The joint venture agreement signed between Russia’s Kamaz Inc and India’s Vectra Group, culminated with the commissioning of a US$ 16 million tipper truck assembling plant at Hosur with an initial capacity of 1,500 trucks.
In the joint venture, Kamaz holds a 51 per cent stake and Vectra 49 per cent and plans were to step up production to 7,500 units of truck variants by 2013, both companies said. The tippers now come as CKD (completely knocked down) to be put together at Hosur.
The Kamaz 6540 multi-axle tipper launched here has a payload of 19 tonnes, powered by a V8 twin turbocharged engine with an output of 260hp. The company also makes other cargo vehicles and heavy duty tractors.