Volvo Malaysia Aims To Lead Heavy Duty Truck Segment

in Latest

SEBERANG PERAI – Volvo Malaysia Sdn Bhd aims to be the leading heavy duty truck brand after investing RM75 million to expand its network in Malaysia last year.

Managing Director Mats Nilsson said the group will continue to strengthen the brand’s presence in Malaysia and elevate its aftermarket support to a higher level.

“We have achieved stellar growth in the truck business and will continue our gain of market share after an unprecedented 38.5 per cent growth in truck sales last year.

“This accomplishment has further reinforced our position as the leading brand in the European heavy duty trucks segment in Malaysia,” he told reporters before the opening of Volvo Malaysia’s new Prai dealership by Swedish Ambassador to Malaysia Bengt Carlsson here.

Currently, Volvo commands 57 per cent of the market share for heavy-duty trucks in Malaysia.

Nilsson said the group has invested RM8.5 million to upgrade the space and facilities of the Prai dealership, which is strategically located in the Prai Industrial zone.

He said the launch of this centre demonstrates Volvo’s commitment in providing Malaysians a closer reach to the group’s total brand and ownership experience.

“An investment like this is crucial for the further development of Volvo in Malaysia and it reflects on our expanding presence in the northern part of Malaysia and also mirrors our growth strategy,” he said.

He said Prai is the group’s third new dealership this year after the opening of new upgraded dealerships in Sibu and Ipoh.

“Our next upcoming upgrade will be Johor Baharu, which is expected to be completed by the last quarter of this year,” he said.

He added that Volvo Malaysia currently owns eight dealerships, with another three owned by its partners throughout Malaysia.

Volvo Trucks supplies complete transportation solutions to professional and commercial customers of heavy duty trucks, which were introduced in Malaysia in 1969.

At present, Volvo Malaysia has a workforce of more than 230 employees. – BERNAMA