Truck deliveries in January 2013


Deliveries from the Volvo Group’s truck operations in January 2013 amounted to
10,791 vehicles. This was a decrease of 23% compared with the year-earlier
month.
Volvo Group

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

Delivered Units              January         Change
Volvo Group                  2013    2012*
Europe                       4 375   6 234   -30%
   Western Europe            3 623   5 148   -30%
   Eastern Europe            752     1 086   -31%
North America                1 962   3 144   -38%
South America                1 611   1 183   36%
Asia                         1 827   2 367   -23%
Other markets                1 016   1 031   -1%
Total Volvo Group            10 791  13 959  -23%

Light duty (< 7t)            895     1 465   -39%
Medium duty (7-16t)          1 066   1 560   -32%
Heavy duty (>16t)            8 830   10 934  -19%
Total Volvo Group            10 791  13 959  -23%

Non-consolidated operations
Eicher (100%)                3 209   3 311   -3%
DND (100%)                   21      64      -67%
Total Volumes                14 021  17 334  -19%

*Restated for new accounting rules, effective Januari 1, 2013, where 50/50 joint
-ventures are consolidated using the equity method instead of the proportionate
method.

Volvo

In January 5,575 Volvo trucks were delivered, a decrease of 18% compared with
the same month last year.

In Europe, deliveries decreased to 2,195 trucks as a result of low production
levels in December 2012 and January 2013 and a sluggish economic environment.

January deliveries in North America decreased 50% to 788 vehicles in comparison
with the same period last year.  The decline in deliveries can be attributed to
the adjustment of production levels, including two down-weeks in January 2013.

Deliveries in South America increased 38% to 1,437 trucks, where Brazil
increased by 46% in January compared with the same month last year. The increase
in industrial activity combined with favorable financing rates contributed to an
uptick in the Brazilian market.

January deliveries in Asia amounted to 819 units in total, a decrease of 10%
compared to the same month last year.

Deliveries by market area:

Delivered Units      January       Change
Volvo                2013   2012
Europe               2 195  2 961  -26%
   Western Europe    1 607  2 168  -26%
   Eastern Europe    588    793    -26%
North America        788    1 582  -50%
South America        1 437  1 042  38%
Asia                 819    914    -10%
Other markets        336    323    5%
Total Volvo          5 575  6 822  -18%

Medium duty (7-16t)  119    139    -14%
Heavy duty (>16t)    5 456  6 683  -18%
Total Volvo          5 575  6 822  -18%



Mack

Deliveries for Mack in January totaled 1,305 vehicles, an 18% decrease compared
with January 2012.  The decline was the result of an industry-wide softening in
North American demand, due to which Mack began adjusting production levels in Q4
2012.

Deliveries by market area:

Delivered Units    January       Change
Mack               2013   2012
North America      1 129  1 467  -23%
South America      125    66     89%
Other markets      51     60     -15%
Total Mack         1 305  1 593  -18%

Heavy duty (>16t)  1 305  1 593  -18%
Total Mack         1 305  1 593  -18%

Renault Trucks

In January, 2,742 Renault trucks were delivered, a decrease of 29% compared with
January 2012. The lower deliveries were mainly due to the slowing of demand in
southern Europe at the end of last year, which imposed on us to reduce the pace
of production as well as to lower deliveries of light duty trucks.

Deliveries by market area:

Delivered Units       January       Change
Renault Trucks        2013   2012
Europe                2 180  3 273  -33%
   Western Europe     2 016  2 980  -32%
   Eastern Europe     164    293    -44%
North America         1      17     -94%
South America         40     57     -30%
Asia                  180    257    -30%
Other markets         341    246    39%
Total Renault Trucks  2 742  3 850  -29%

Light duty (< 7t)     793    1 282  -38%
Medium duty (7-16t)   462    536    -14%
Heavy duty (>16t)     1 487  2 032  -27%
Total Renault Trucks  2 742  3 850  -29%

UD

Deliveries from UD Trucks in January 2013 decreased to 1,169 vehicles. The 31%
decrease was primarily due to a strong demand last year from reconstruction,
following the natural disaster in Japan.

Deliveries by market area:

Delivered Units      January       Change
UD                   2013   2012*
North America        44     78     -44%
South America        9      18     -50%
Asia                 828    1 196  -31%
Other markets        288    402    -28%
Total UD             1 169  1 694  -31%

Light duty (< 7t)    102    183    -44%
Medium duty (7-16t)  485    885    -45%
Heavy duty (>16t)    582    626    -7%
Total UD             1 169  1 694  -31%

Non-consolidated operations
DND (100%)           21     64     -67%
Total volumes        1 190  1 758  -32%

*Restated for new accounting rules, effective Januari 1, 2013, where 50/50 joint
-ventures are consolidated using the equity method instead of the proportionate
method.

Eicher*

Deliveries of Eicher trucks in January decreased by 3% to 3,209 trucks compared
to the same month last year.

Deliveries by market area:

Delivered Units      January       Change
Eicher (100%)        2013   2012
Asia                 3 209  3 311  -3%
Total Eicher         3 209  3 311  -3%

Light duty (< 7t)    411    536    -23%
Medium duty (7-16t)  2 093  2 189  -4%
Heavy duty (>16t)    705    586    20%
Total Eicher         3 209  3 311  -3%

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

February 20, 2013

Reporters who would like more information, please contact:

Media Relations
Volvo Group:
Kina Wileke, +46 739-02 55 44

Truck brands:
Renault Trucks, Charlotte Roudovski, +33 4 72 96 29 76
Mack, Kim Pupillo, +1 336 393 2640
Volvo, Anders Vilhelmsson, +46 31 322 38 79
UD, Per Sundström, +81 80 40 64 92 33

Investor Relations:
Christer Johansson, AB Volvo, +46 739 02 25 22
Patrik Stenberg, AB Volvo, +46 31 66 13 36
John Hartwell, Volvo Group North America, +1 201-252-8844

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 115,000 people, has production facilities in 19 countries and
sells its products in more than 190 markets. In 2012 the Volvo Group’s sales
amounted to about SEK 304 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. in February 20,
2013.

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