Kamaz is 11 percent owned by Germany's Daimler. The company expects to sell 35,000-37,000 of its own trucks next year in Russia, compared to 29,000 this year.

It's Indo-Russian commercial vehicle joint venture, Kamaz Vectra Motors, plans to more than double its annual capacity to 12,000 units at its Hosur plant by 2012 to capture a bigger chunk of the fast-growing market in India, reports the Economic Times. At present, the company can assemble up to 5,000 units of heavy duty trucks at the plant per year. The decision to expand capacity was taken last month on the back of rising demand for heavy duty trucks in the domestic market.

“We aim to secure 5% of the market share by 2012 as we gradually become competitive in India with high local content of over 90% to compete with other major domestic players,” Denis E Trifonoff, CEO of Kamaz Vectra Motors, said. He said the company is yet to freeze investment plans required for the additional capacity.

Last year Kamaz had picked a 51% stake in the JV with diversified Vectra Group that has interest in IT, aviation and construction business. The assembly unit is already rolling out a few products including construction dumpers. At present, it imports components from Kamaz’s manufacturing base in Russia besides sourcing from other component makers for the assembly unit in Hosur. It plans to increase local sourcing from next year.