Ad

Ad

Ad

Volvo Group to Build New Truck Plant in Mexico


By Priya SinghUpdated On: 12-Apr-2024 06:56 AM
noOfViews3,341 Views

Follow Us:follow-image
Shareshare-icon

ByPriya SinghPriya Singh |Updated On: 12-Apr-2024 06:56 AM
Share via:

Follow Us:follow-image
noOfViews3,341 Views

The new plant will be approximately 1.7 million square feet and will produce heavy-duty conventional vehicles for the Volvo and Mack brands.
Volvo Group to Build New Truck Plant in Mexico 

Key Highlights:
•    Volvo Group plans to build a new heavy-duty truck plant in Mexico.
•    The plant will support Volvo and Mack truck growth in the U.S., Canada, Mexico, and Latin America.
•    It's expected to be operational by 2026.
•    Existing plants in Pennsylvania and Virginia will remain the main production sites.
•    The Mexico plant aims to enhance logistics and complement the North American industrial footprint.

The Volvo Group has announced plans to develop a new heavy-duty truck manufacturing factory in Mexico to support its U.S. operations.

The new plant will be approximately 1.7 million square feet and will produce heavy-duty conventional vehicles for the Volvo and Mack brands. It will be a full-service conventional vehicle assembly facility, including cab body-in-white manufacture and painting.

It also includes a mature supply and production ecosystem that will support the US system and strengthen the Group's North American industrial footprint.

The plant will provide additional capacity to support Volvo Trucks and Mack Trucks' growth goals in the United States and Canada, as well as Mack truck sales in Mexico and Latin America. The facility is planned to be operational by 2026.

The Mack LVO facility in Pennsylvania and the Volvo NRV plant in Virginia will continue to be the company's primary North American heavy truck manufacturing facilities. Over the last five years, the Group has invested more than $73 million in LVO growth and renovations, with an additional $80 million planned for future production.

The NRV plant recently completed a six-year, $400 million expansion/upgrade in preparation for the production of the new Volvo VNL model.

Also Read: Volvo Trucks Delivers its First Electric Truck to Brazil, Chile, and Uruguay

Adding production in Mexico will provide logistical efficiencies for supporting sales in the southwestern and western parts of the United States, as well as Mexico and Latin America.

CMV360 Says

Volvo Group is gearing up to make more trucks, this time in Mexico! They want to support their trucks' growth in different parts of North and Latin America. It's like they're spreading their wings to reach more people who need their trucks. They're also making sure their older plants keep running smoothly while they build this new one.

News


VECV partners with iTriangle Infotech for advanced fleet management solutions

VECV partners with iTriangle Infotech for advanced fleet management solutions

This new joint venture will focus on developing industry-leading telematics fleet management technologies. ...

16-May-24 10:00 AM

Read Full News
Planet Electric Unveils EV with Real-Time Weight Tracking

Planet Electric Unveils EV with Real-Time Weight Tracking

This built-in weight tracking technology has the potential to significantly improve logistical efficiency in the EV category....

15-May-24 01:19 PM

Read Full News
Tata Motors Anticipates Recovery in Small Commercial Vehicles Following Bottoming Out

Tata Motors Anticipates Recovery in Small Commercial Vehicles Following Bottoming Out

Tata Motors' top executives talked about the challenges in the small commercial vehicle market....

15-May-24 12:47 PM

Read Full News
Tata Motors Looks Beyond Subsidies for Electric Vehicle Growth

Tata Motors Looks Beyond Subsidies for Electric Vehicle Growth

Tata Motors boasts a strong foothold in the electric vehicle market. The company has over 4,300 ACE EVs on Indian roads....

14-May-24 09:44 AM

Read Full News
Tata Motors' Fleet Edge Hits 600,000 Vehicles, Ranks Top 3 Globally

Tata Motors' Fleet Edge Hits 600,000 Vehicles, Ranks Top 3 Globally

Tata Motors has built a machine learning-based model that provides drivers and owners with real-time fuel economy information. ...

14-May-24 07:55 AM

Read Full News
Tata Motors to Roll Out 140+ New Products in FY25

Tata Motors to Roll Out 140+ New Products in FY25

Domestic CV wholesale volumes surged 14% quarter on quarter in Q4 FY24, but dropped 7% year on year in Q4....

13-May-24 01:00 PM

Read Full News

Ad

Ad

web-imagesweb-images

Registered Office Address

Delente Technologies Pvt. Ltd.

M3M Cosmopolitan, 12th Cosmopolitan,

Golf Course Ext Rd, Sector 66, Gurugram, Haryana

pincode - 122002

Join CMV360

Receive pricing updates, buying tips & more!

Follow Us

facebook
youtube
instagram

COMMERCIAL VEHICLE BUYING BECOMES EASY AT CMV360

CMV360 - is a leading commercial vehicle marketplace. We helps consumers to Buy, Finance, Insure and Service their commercial vehicles.

We bring great transparency on pricing, information and comparison of tractors, trucks, buses and three wheelers.