On Wednesday, Volvo’s Brazilian unit announced its investment of a whopping 1.5 billion reais ($283.36 million) in the country by 2025. The company reported record truck sales—21,800 trucks in 2021—in Brazil, up 45.7% over the previous year.
The Brazilian truck market recorded 43.5% growth in the period to 128,700 vehicles The group's president for Latin America, Wilson Lirmann stated that Brazil maintained its position as Volvo’s second-largest truck market in the world even during the pandemic and supply chain disruption. The company predicts a positive forecast for 2022.
