Investment in Brazil – With record sales, the truck company Volvo decides to make a billionaire investment in the sector

Volvo's investment will be destined to the areas of research and improvement of products and resources in the truck segment, as the brand took a big leap in the last year

It was released last Wednesday, February 02nd, through the website Examination, that the Volvo truck company made a statement regarding its intention to make an investment of 1,5 billion reais in Brazil in up to 3 years. This investment projection is due to record sales of trucks in the country.

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According to what was informed by the Swedish company Volvo, the amount of investment will be directed mainly to research and creation of products and services related to the sale of trucks.

With the sale of 21.800 trucks, the increase compared to 2020 was 45,7%. Of all sales made by Volvo in Brazilian territory, almost 18 were heavy trucks, taking the Swedish automaker to the top of the sector. According to data provided by the association of automakers Anfavea, Volvo came out ahead of the companies Mercedes-Benz, Scania and Volkswagen Caminhões e Ônibus, brands that also make large investments in Brazil.

As Wilson Lirmann, president of the Volvo group in Latin America, said, Brazil remained in second place among the largest markets for Volvo trucks in the world, despite facing all the restrictions of the supply network and the limitations imposed in this time of the pandemic. Therefore, it is assumed that the domestic market for Volvo trucks remains stable or grows further, which will offset future investment.

Responsible for Volvo's investments in Brazil

The main factors responsible for boosting the national market with regard to heavy trucks were investments made by sectors such as agribusiness, mining and the forestry industry. On the other hand, in view of the demand for commerce services in the online environment, retail was the main driver of Volvo's lighter vehicle sales.

In addition, Volvo's advance accompanied the growth of the overall truck market, which increased by 43,5% last year when compared to 2020.

Regarding the global crisis in the supply of electronic components and the obstacles to the supply of other items, such as tires, Lirmann says: “For 2022, we also see good prospects. But the challenges in the production chain, both in terms of capacity and increased costs, will require attention throughout the year”.

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