Stuttgart, Germany – Daimler Trucks is currently examining various possibilities for entering the Russian volume market, including building a new factory for local assembly and the possibility of acquiring a stake in Russian truck manufacturer Kamaz.
The company said that Kamaz has production facilities, sales structures and a good network in Russia, while Daimler would contribute its technological know-how as a global industry leader. A final decision on Daimler Trucks’ strategy for Russia is expected to be made by the end of this year.
With its potential for dynamic growth, the Russian truck market is widely considered to be one of the top future sales markets for commercial vehicles. It is already Europe’s largest truck market, with total sales of more than 154,000 trucks over six tons GVW in 2007, and sales are expected to increase by about 20 per cent over the next two years, driven primarily by demand for heavy-duty trucks.
Kamaz is the leading seller of heavy-duty trucks in Russia today, selling more than 53,000 trucks and gaining a market share of 30 per cent in 2007. About 25 per cent of its production is currently exported, mainly to Kazakhstan, the Ukraine and Asia. Daimler Trucks sold 1,300 new vehicles in Russia last year, an increase of 58 per cent from 2006. The division is currently undertaking a massive expansion of its Russian sales and service network, including an increase in the number of Mercedes-Benz service stations alone from 30 to 48 between now and 2010. The company sells Mercedes-Benz, Fuso and Freightliner trucks in Russia.