Founded in 1927, the Volvo Group is committed to driving prosperity and shaping the future landscape through sustainable transport, mobility, and infrastructure solutions. By offering trucks, buses, construction equipment, power solutions for marine and industrial applications, financing and services that increase our customers’ uptime and productivity. Volvo Group employs 102,000 people and serves customers in almost 190 markets. In 2022, net sales amounted to SEK 473 billion (EUR 44.5 billion).
Our headquarters are in Gothenburg, Sweden. Volvo Group shares are listed on Nasdaq Stockholm.
Number of Volvo Group employees.
Countries we have production in.
Markets we sell our products in.
Net sales in 2022.
Year Volvo Group was founded.
Distinct brands in our brand portfolio.
Thanks to competitive product programs, strong dealers with extensive service networks and increasingly more complete offerings, the Volvo Group has established leading positions globally. These positions provide for economies of scale in product development, production, purchasing and financial services.
The Volvo Group’s brand portfolio consists of Volvo, Volvo Penta, Rokbak, Renault Trucks, Prevost, Nova Bus, Mack and Arquus. We also partner in alliances and joint ventures with SDLG, Milence, Eicher, Dongfeng and cellcentric. By offering products and services under different brands, we address many different customer and market segments on the global market.
The Volvo Group’s products have been developed to contribute to efficient transport and infrastructure solutions and to provide our customers with maximum uptime. We drive the development of electrified vehicles and machines as well as automated solutions for the benefit of customers, society and the environment. Sales of vehicles and machines build a population of products that requires spare parts and services.
In addition to vehicles and machines, our offering includes various types of services such as financing, insurance, rentals, spare parts, repairs, preventive maintenance, service agreements and assistance services. The range and flexibility of the offering means that solutions can be tailor-made for each customer to maximize uptime and productivity. The service business contributes to balancing the fluctuations in the sales of new products and improving profitability over the business cycle. Growing the service business is an area of priority.