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KamAZ expects the heavy truck market to collapse by up to 30%

The head of KamAZ, Sergei Kogogin, told reporters that the market for heavy trucks in Russia could exceed 100 thousand units in 2024.

“Our marketers estimate the market at 100-110 thousand in 2024,” said Sergei Kogogin.

According to the Ministry of Industry and Trade of the Russian Federation, sales of trucks in Russia in 2023 increased by 74% and amounted to 140.2 thousand units. Consequently, sales in this segment are expected to decline by 22-29% in 2024.

Earlier it became known that Sistema PJSC and KamAZ entered into an agreement on cooperation in the development of hydrogen technologies.

In addition, it was reported that the Russian truck manufacturer KamAZ is moving the production of transfer cases.

KamAZ expects the heavy truck market to collapse by up to 30%