Kamaz boosts sales 10.8% in 2017 - report
KAZAN. Feb 12 (Interfax) - Kamaz sold 38,159 vehicles in 2017, the company said in its quarterly report to Russian Accounting Standards (RAS).
According to its annual report for 2016, Kamaz sold 34,432 trucks meaning sales rose 10.8% in 2017.
Kamaz sold 33,121 trucks in Russia last year, 17.4% more than in 2016, including 32,330 trucks over 14 tonnes gross weight and 791 trucks with gross weight of 8-14 tonnes.
Kamaz maintained its leadership of the Russian market for trucks with gross weight over 14 tonnes, accounting for 45.2% of the market in 2017, according to State Traffic Safety Inspectorate (GIBDD) registration data. Its share of the market in medium-tonnage trucks was 5.4%.
Kamaz exported 5,038 trucks and kits (3,746 trucks and 1,292 SKD kits) in 2017, 19% less than in 2016, including 2,323 trucks and 1,246 kits to CIS countries and 1,423 trucks and 46 kits elsewhere.
"Significant events in the non-CIS countries include: shipment of a first lot of Kamaz restyled right-hand-drive trucks to South African distributor Bell Equipment (12 units); the signing of an agreement with Tunisia's Tunimatec; and a start to the process of registering a trading company in Jakarta, Indonesia, to organize importation and certification of Kamaz products in 2018 and subsequent supply of automotive equipment via distributors," Kamaz said.