Russia's Kamaz sees truck market up 16.6 pct in 2011

Newswire

MOSCOW, Aug 19 (Reuters) - Russian truck maker Kamaz said it expects the domestic truck market to grow by 16.6 percent next year excluding a state sponsored scrappage scheme to incentivise buyers. "We expect that the total market will be about 60,000 units in 2010," marketing director Ashot Arutyunyan told journalists on Thursday. "In 2011 we expect the market will be about 70,000 units excluding scrappage." KAMAZ, 11 percent owned by Germany's Daimler , expects to sell 35,000-37,000 ...

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