Truck deliveries in August 2014


Deliveries from the Volvo Group’s truck operations in August 2014 amounted to
11,809 vehicles. This was a decrease of 8% compared with the year-earlier month.
Volvo Group

Deliveries from the Volvo Group’s truck operations in August 2014 amounted to
11,809 vehicles. This was a decrease of 8% compared with the year-earlier month.
On a regional basis August deliveries declined by 42% in South America and by
19% in Europe as a result of lower deliveries in Brazil and France respectively.
Deliveries in North America increased by 22% in August.

Total deliveries by market for all brands (Volvo, Mack, Renault Trucks, UD
Trucks and Eicher):

+---------------------------+------+------+------+-------+-------+------+
|Delivered Units            |August       |Change|Year-to date   |Change|
+---------------------------+------+------+------+-------+-------+------+
|Volvo Group                |2014  |2013  |      |2014   |2013   |      |
+---------------------------+------+------+------+-------+-------+------+
|Europe                     |3,045 |3,774 |-19%  |44,045 |45,457 |-3%   |
+---------------------------+------+------+------+-------+-------+------+
|   Western Europe          |2,221 |2,921 |-24%  |33,997 |35,576 |-4%   |
+---------------------------+------+------+------+-------+-------+------+
|   Eastern Europe          |824   |853   |-3%   |10,048 |9,881  |2%    |
+---------------------------+------+------+------+-------+-------+------+
|North America              |3,903 |3,188 |22%   |36,673 |28,041 |31%   |
+---------------------------+------+------+------+-------+-------+------+
|South America              |1,519 |2,598 |-42%  |15,542 |18,843 |-18%  |
+---------------------------+------+------+------+-------+-------+------+
|Asia                       |2,016 |2,137 |-6%   |20,874 |17,572 |19%   |
+---------------------------+------+------+------+-------+-------+------+
|Other markets              |1,326 |1,167 |14%   |11,153 |10,250 |9%    |
+---------------------------+------+------+------+-------+-------+------+
|Total Volvo Group          |11,809|12,864|-8%   |128,287|120,163|7%    |
+---------------------------+------+------+------+-------+-------+------+
|                           |      |      |      |       |       |      |
+---------------------------+------+------+------+-------+-------+------+
|Light duty (< 7t)          |567   |562   |1%    |8,998  |8,015  |12%   |
+---------------------------+------+------+------+-------+-------+------+
|Medium duty (7-16t)        |958   |1,108 |-14%  |9,594  |10,361 |-7%   |
+---------------------------+------+------+------+-------+-------+------+
|Heavy duty (>16t)          |10,284|11,194|-8%   |109,695|101,787|8%    |
+---------------------------+------+------+------+-------+-------+------+
|Total Volvo Group          |11,809|12,864|-8%   |128,287|120,163|7%    |
+---------------------------+------+------+------+-------+-------+------+
|                           |      |      |      |       |       |      |
+---------------------------+------+------+------+-------+-------+------+
|Non-consolidated operations|      |      |      |       |       |      |
+---------------------------+------+------+------+-------+-------+------+
|Eicher (100%)              |2,448 |2,373 |3%    |20,193 |22,399 |-10%  |
+---------------------------+------+------+------+-------+-------+------+
|DVT (100%)                 |17    |17    |      |54     |162    |-67%  |
+---------------------------+------+------+------+-------+-------+------+
|Total Volumes              |14,274|15,254|-6%   |148,534|142,724|4%    |
+---------------------------+------+------+------+-------+-------+------+

Volvo

In August 6,939 Volvo trucks were delivered, a decrease of 9% compared with the
same month last year.

In Europe 1,974 vehicles were delivered during August, down by 10% compared with
August 2013.

Demand in North America continued to be good and deliveries increased by 31% to
2,246 vehicles in comparison with the same period last year.

Deliveries in South America decreased to 1,423 trucks in August, a decrease of
40% compared with August 2013. The decrease is a consequence of lower demand as
well as inventory reduction in the dealer channel.

Deliveries by market area:

+-------------------+-----+-----+------+------+------+------+
|Delivered Units    |August     |Change|Year-to-date |Change|
+-------------------+-----+-----+------+------+------+------+
|Volvo              |2014 |2013 |      |2014  |2013  |      |
+-------------------+-----+-----+------+------+------+------+
|Europe             |1,974|2,204|-10%  |26,185|25,084|4%    |
+-------------------+-----+-----+------+------+------+------+
|   Western Europe  |1,313|1,539|-15%  |18,131|16,832|8%    |
+-------------------+-----+-----+------+------+------+------+
|   Eastern Europe  |661  |665  |-1%   |8,054 |8,252 |-2%   |
+-------------------+-----+-----+------+------+------+------+
|North America      |2,246|1,708|31%   |21,709|15,565|39%   |
+-------------------+-----+-----+------+------+------+------+
|South America      |1,423|2,368|-40%  |14,313|16,820|-15%  |
+-------------------+-----+-----+------+------+------+------+
|Asia               |825  |858  |-4%   |7,970 |7,616 |5%    |
+-------------------+-----+-----+------+------+------+------+
|Other markets      |471  |452  |4%    |4,036 |3,585 |13%   |
+-------------------+-----+-----+------+------+------+------+
|Total Volvo        |6,939|7,590|-9%   |74,213|68,670|8%    |
+-------------------+-----+-----+------+------+------+------+
|                   |     |     |      |      |      |      |
+-------------------+-----+-----+------+------+------+------+
|Medium duty (7-16t)|99   |88   |13%   |1,319 |1,043 |26%   |
+-------------------+-----+-----+------+------+------+------+
|Heavy duty (>16t)  |6,840|7,502|-9%   |72,894|67,627|8%    |
+-------------------+-----+-----+------+------+------+------+
|Total Volvo        |6,939|7,590|-9%   |74,213|68,670|8%    |
+-------------------+-----+-----+------+------+------+------+

Mack

Deliveries for Mack in August totaled 1,793 vehicles, a 4% increase compared
with August 2013.

Deliveries by market area:

+-----------------+-----+-----+------+------+------+------+
|Delivered Units  |August     |Change|Year-to-date |Change|
+-----------------+-----+-----+------+------+------+------+
|Mack             |2014 |2013 |      |2014  |2013  |      |
+-----------------+-----+-----+------+------+------+------+
|Europe           |     |     |      |      |1     |-100% |
+-----------------+-----+-----+------+------+------+------+
|   Western Europe|     |     |      |      |1     |      |
+-----------------+-----+-----+------+------+------+------+
|   Eastern Europe|     |     |      |      |      |      |
+-----------------+-----+-----+------+------+------+------+
|North America    |1,649|1,456|13%   |14,839|12,167|22%   |
+-----------------+-----+-----+------+------+------+------+
|South America    |39   |164  |-76%  |485   |1,382 |-65%  |
+-----------------+-----+-----+------+------+------+------+
|Asia             |4    |2    |100%  |9     |14    |-36%  |
+-----------------+-----+-----+------+------+------+------+
|Other markets    |101  |108  |-6%   |681   |637   |7%    |
+-----------------+-----+-----+------+------+------+------+
|Total Mack       |1,793|1,730|4%    |16,014|14,201|13%   |
+-----------------+-----+-----+------+------+------+------+
|                 |     |     |      |      |      |      |
+-----------------+-----+-----+------+------+------+------+
|Heavy duty (>16t)|1,793|1,730|4%    |16,014|14,201|13%   |
+-----------------+-----+-----+------+------+------+------+
|Total Mack       |1,793|1,730|4%    |16,014|14,201|13%   |
+-----------------+-----+-----+------+------+------+------+

 Renault Trucks

In August 1,475 trucks were delivered by Renault Trucks. The deliveries of heavy
duty trucks declined by 35% to 853 trucks in August compared with the year
-earlier month. The decline was mainly a result of lower deliveries in France.
Deliveries of light duty trucks increased to 446 trucks, up by 8%.

Deliveries by market area:

+--------------------+-----+-----+------+------+------+------+
|Delivered Units     |August     |Change|Year-to-date |Change|
+--------------------+-----+-----+------+------+------+------+
|Renault Trucks      |2014 |2013 |      |2014  |2013  |      |
+--------------------+-----+-----+------+------+------+------+
|Europe              |1,071|1,570|-32%  |17,860|20,372|-12%  |
+--------------------+-----+-----+------+------+------+------+
|   Western Europe   |908  |1,382|-34%  |15,866|18,743|-15%  |
+--------------------+-----+-----+------+------+------+------+
|   Eastern Europe   |163  |188  |-13%  |1,994 |1,629 |22%   |
+--------------------+-----+-----+------+------+------+------+
|North America       |     |12   |-100% |75    |86    |-13%  |
+--------------------+-----+-----+------+------+------+------+
|South America       |35   |58   |-40%  |487   |541   |-10%  |
+--------------------+-----+-----+------+------+------+------+
|Asia                |69   |94   |-27%  |2,287 |1,387 |65%   |
+--------------------+-----+-----+------+------+------+------+
|Other markets       |300  |274  |9%    |3,179 |3,081 |3%    |
+--------------------+-----+-----+------+------+------+------+
|Total Renault Trucks|1,475|2,008|-27%  |23,888|25,467|-6%   |
+--------------------+-----+-----+------+------+------+------+
|                    |     |     |      |      |      |      |
+--------------------+-----+-----+------+------+------+------+
|Light duty (< 7t)   |446  |412  |8%    |8,011 |7,128 |12%   |
+--------------------+-----+-----+------+------+------+------+
|Medium duty (7-16t) |176  |283  |-38%  |2,490 |4,254 |-41%  |
+--------------------+-----+-----+------+------+------+------+
|Heavy duty (>16t)   |853  |1,313|-35%  |13,387|14,085|-5%   |
+--------------------+-----+-----+------+------+------+------+
|Total Renault Trucks|1,475|2,008|-27%  |23,888|25,467|-6%   |
+--------------------+-----+-----+------+------+------+------+

 UD Trucks

In August 2014, UD Trucks delivered 1,602 trucks, which was an increase by 4%
compared to August last year.

Deliveries by market area:

+-------------------+-----+-----+------+------+------+------+
|Delivered Units    |August     |Change|Year-to-date |Change|
+-------------------+-----+-----+------+------+------+------+
|UD Trucks          |2014 |2013 |      |2014  |2013  |      |
+-------------------+-----+-----+------+------+------+------+
|North America      |8    |12   |-33%  |50    |223   |-78%  |
+-------------------+-----+-----+------+------+------+------+
|South America      |22   |8    |175%  |257   |100   |157%  |
+-------------------+-----+-----+------+------+------+------+
|Asia               |1,118|1,183|-5%   |10,608|8,555 |24%   |
+-------------------+-----+-----+------+------+------+------+
|Other markets      |454  |333  |36%   |3,257 |2,947 |11%   |
+-------------------+-----+-----+------+------+------+------+
|Total UD Trucks    |1,602|1,536|4%    |14,172|11,825|20%   |
+-------------------+-----+-----+------+------+------+------+
|                   |     |     |      |      |      |      |
+-------------------+-----+-----+------+------+------+------+
|Light duty (< 7t)  |121  |150  |-19%  |987   |887   |11%   |
+-------------------+-----+-----+------+------+------+------+
|Medium duty (7-16t)|683  |737  |-7%   |5,785 |5,064 |14%   |
+-------------------+-----+-----+------+------+------+------+
|Heavy duty (>16t)  |798  |649  |23%   |7,400 |5,874 |26%   |
+-------------------+-----+-----+------+------+------+------+
|Total UD           |1,602|1,536|4%    |14,172|11,825|20%   |
+-------------------+-----+-----+------+------+------+------+
|                                      |      |      |      |
+-------------------+-----+-----+------+------+------+------+
|Non-consolidated operations           |      |      |      |
+-------------------+-----+-----+------+------+------+------+
|DVT (100%)         |17   |17   |      |54    |162   |-67%  |
+-------------------+-----+-----+------+------+------+------+
|Total volumes      |1,619|1,553|4%    |14,226|11,987|19%   |
+-------------------+-----+-----+------+------+------+------+

 Eicher*

Eicher delivered 2,448 trucks in August which is an increase by 3% compared to
the amount of trucks delivered in August 2013.

Deliveries by market area:

+-------------------+-----+-----+------+------+------+------+
|Delivered Units    |August     |Change|Year-to-date |Change|
+-------------------+-----+-----+------+------+------+------+
|Eicher (100%)      |2014 |2013 |      |2014  |2013  |      |
+-------------------+-----+-----+------+------+------+------+
|Asia               |2,448|2,373|3%    |20,193|22,399|-10%  |
+-------------------+-----+-----+------+------+------+------+
|Total Eicher       |2,448|2,373|3%    |20,193|22,399|-10%  |
+-------------------+-----+-----+------+------+------+------+
|                   |     |     |      |      |      |      |
+-------------------+-----+-----+------+------+------+------+
|Light duty (< 7t)  |332  |369  |-10%  |3,252 |3,055 |6%    |
+-------------------+-----+-----+------+------+------+------+
|Medium duty (7-16t)|1,486|1,390|7%    |11,715|14,430|-19%  |
+-------------------+-----+-----+------+------+------+------+
|Heavy duty (>16t)  |630  |614  |3%    |5,226 |4,914 |6%    |
+-------------------+-----+-----+------+------+------+------+
|Total Eicher       |2,448|2,373|3%    |20,193|22,399|-10%  |
+-------------------+-----+-----+------+------+------+------+

*As of 2013 Eicher is reported under the equity method and consequently sales
and deliveries are not consolidated in to the Volvo Group.

September 18, 2014

Reporters, who would like more information, please contact:

Volvo Group Media Relations:
Kina Wileke, +46 31 323 72 29

Truck brands:
Renault Trucks, Fabrice Piombo, +33 472961220
Mack, Kim Pupillo, +1 336 393 2640
Volvo, Anders Vilhelmsson, +46 31 322 38 79
UD Trucks, Mansoor Ahmed, +86 10 65829122

Investor Relations:
Christer Johansson, AB Volvo +46 31 661334
Patrik Stenberg, AB Volvo +46 31 661336
Anders Christensson, AB Volvo +46 31 661191

For more stories from the Volvo Group, please visit
http://www.volvogroup.com/globalnews

The Volvo Group is one of the world’s leading manufacturers of trucks, buses,
construction equipment and marine and industrial engines. The Group also
provides complete solutions for financing and service. The Volvo Group, which
employs about 110,000 people, has production facilities in 19 countries and
sells its products in more than 190 markets. In 2014 the Volvo Group’s sales
amounted to about SEK 270 billion. The Volvo Group is a publicly-held company
headquartered in Göteborg, Sweden. Volvo shares are listed on OMX Nordic
Exchange Stockholm. For more information, please visit www.volvogroup.com or
www.volvogroup.mobi if you are using your mobile phone.

AB Volvo (publ) may be required to disclose the information provided herein
pursuant to the Securities Markets Act and/or the Financial Instruments Trading
Act. The information was submitted for publication at 08.30 a.m September 18,
2014.

Attachments

09183839.pdf