New Delhi, Jan. 13: Truck maker Tatra Vectra Motors (TVM) today announced the signing of a memorandum of understanding with Russia-based Kamaz.

Under the pact, Kamaz will manufacture truck and bus chassis for the Indian market. The products will be rolled out later this year.

“Kamaz truck components would be manufactured at the company’s Hosur plant in Tamil Nadu. After procuring the required clearance certificate from authorities concerned, it would roll out heavy-duty trucks in the Indian market by this year end,” Rakesh Jinsi, managing director of TVM, told reporters at the 8th Auto Expo.

The two companies have been working together for the past few months, identifying suitable products for the Indian market.

Regarding investments to facilitate the manufacturing of Kamaz truck components, he said, “Investment would be marginal as the existing facility is well equipped to manufacture the new products.”