The key facts
- During trading on November 9, KamAZ shares rose more than 16%, reaching 70.1 rubles, but by 17:28 Moscow time they had fallen to 64.9 rubles.
- Putin proposed developing a program to renew regional and municipal transport; Minnikhanov supported the idea and pointed to high interest rates.
- The specific parameters of the program, its timeline, and funding volumes have not yet been announced.
Sharp rise and partial pullback in share prices
KamAZ shares rose sharply on the Moscow Exchange on November 9 after a statement by President Vladimir Putin on the need to support domestic machine building. As reported by Life.ru, during trading the share price growth exceeded 16%: according to the Moscow Exchange, by 16:35 Moscow time the share price reached 70.1 rubles. However, by 17:28 Moscow time the quotes had fallen to 64.9 rubles — more than five rubles below the level reached.
What Putin and Minnikhanov agreed on
The surge came shortly after Putin's meeting with the head of Tatarstan, Rustam Minnikhanov. Discussing the situation in industry, the president proposed 'also making a program to renew regional and municipal transport vehicles,' which could provide additional support to Russian machine-building enterprises. Minnikhanov supported the initiative but drew attention to the high interest rates that make purchasing new equipment difficult, and proposed making state support for leasing companies one of the ways to implement the program. Putin agreed that this proposal needed to be considered.
The situation at the company and market context
Separately, Minnikhanov told the president about the state of affairs at KamAZ itself: according to him, after a certain decline the situation is gradually stabilizing — 'there was a bit of a dip, but KamAZ is functioning normally.' At the same time, the fleet renewal initiative could create additional demand for domestic trucks against the backdrop of an overall market contraction: earlier, Life.ru reported, citing the Ministry of Industry and Trade, that in the first ten months of 2026 sales of new cars in Russia grew by 2.2% (1.22 million vehicles), but demand for trucks fell by 8.3% and for buses by 10.5%. The specific parameters of the possible program, its launch timeline, and funding volumes have not yet been announced — at this stage it is an initiative under discussion, not an adopted decision.
