Owned by AB Volvo, Volvo Trucks is a global truck manufacturer based in Sweden. The first Volvo truck rolled out into the market in 1928 which boasted of pneumatic tyres and a fully enclosed cab for the driver. Volvo Truck Corporation is the second largest heavy-duty truck manufacturer in the world with 90% of the products under the heavy commercial vehicle category. A key player in the Indian trucking segment, Volvo trucks have marked their presence in 130 countries around the world, through 650 dealerships and 1,450 workshops. The company has nine assembly line facilities and eight factories owned by local partners across the globe. Collapse..