Volvo Trucks: Volvo Group surpasses sales expectations with an 18% revenue increase in Q2, totaling 140.8 billion kronor, but faces a decline in orders for new vehicles and falls short of profit expectations. The company attributes the decline in orders to caution among customers and restrictions on order placement. Additionally, Volvo Group, like the rest of the auto industry, continues to grapple with the impact of semiconductor shortages.
Swedish automotive major Volvo Group on Thursday announced the expansion of its research and development operations in India, which has become its largest development site outside Sweden. As part of the expansion in the country, Volvo Group Deputy CEO Jan Gurander laid the foundation for the 'Vehicle TechLab' for Volvo Group's research and development operations in India, the