Volvo Trucks Malaysia echoes manufacturer’s global performance with increased market share
Volvo Trucks Malaysia registered an 8.5 per cent growth in volume of units delivered in 2022. At the media briefing, the lorry manufacturer shared that Volvo Truck’s global results also saw an all-time high for deliveries to customers and increased market share in 41 countries, including Malaysia. The growth is from pent-up demand following the post-pandemic period.
The 8.5 per cent volume growth consisted of 320 units sold compared to 295 units the previous year. The top selling models were the FMM440 6X2, FMX 440 and the FM370 prime movers.
In addition, Volvo Trucks Malaysia registered a 12 per cent growth in its aftermarket service from its nationwide dealerships.
Coming later this year is the Volvo Euro 5 Prime Mover. The new truck meets international emissions requirements. Volvo will also be launching the first Electric Prime Mover, the commercial vehicle sector’s first sustainable vehicle, in Malaysia. The EV truck introduction is the result of Volvo Trucks Malaysia’s collaboration with Swift Haulage Berhad. The partnership will also explore a charging network for trucks, developing qualified human capital and also technology sharing for electro mobility in Malaysia.
Volvo Trucks Malaysia also shared that they will be collaborating with Plus Expressways Berhad to develop a heavy-duty truck safety programme. The aim is to improve the safety knowledge of road users and help them have a better understanding of a truck driver’s view when in the driver’s seat.
In 2022, Volvo Trucks Malaysia signed a partnership agreement with Malaysian Green Technology and Climate Change Corporation (MGTC) to promote green logistics through EV adoption. The partnership will also provide hands-on training. The joint venture is in the MyHijau directory. MyHijau is a reference for sourcing and purchasing green products and services in Malaysia.
Most recently, Volvo Trucks Malaysia joined the “Pioneer the Possible” platform, organised by Business Sweden. Business Sweden aims to foster collaboration between Swedish companies and key decision makers in Malaysia. The common goal is carbon neutrality by 2050 and 2045. This is in support of Malaysia’s green transition through low-carbon reforms in sectors such as transport, production, energy and the environment.
Volvo Trucks Malaysia is also investing its talent and facilities as assets for a sustainable future. For this, the Sibu branch was located to tap into the economic potential of the business district. In addition, solar panels will be installed at the Shah Alam and Kuantan dealerships.
Volvo truck’s range can be viewed at volvotrucks.my