Volvo Trucks aims for 10% growth
In 2018, the Swedish commercial car maker aims to sell about 3,200 vehicles, up from 2,900 units a year earlier, by further promoting mid and large-size dump and cargo trucks, Volvo Trucks Korea Managing Director Kim Young-jae said in a press conference.
Volvo Trucks Korea ranked first among imported commercial vehicles, accounting for 40 percent of all sales.
To maintain its leading status in Korea, the company has adopted a series of safety features, such as the collision warning with emergency braking and the lane departure warning system, Volvo Trucks Korea said in a statement.
Most large-sized Volvo trucks sold in Korea from Jan. 1 carry the safety functions.
The move comes one year ahead of the government’s introduction of stricter rules for commercial vehicles, in terms of safety-related technologies, the statement said.
In the country, the company plans to increase the number of after-sale service centers to more than 40 by 2020, from the current 29, to achieve its sales goal of 4,000 vehicles by the same year, it said.
Volvo Trucks holds a 100 percent stake in Volvo Trucks Korea.