Product renewal

Volvo Penta reported a continued high rate of product renewal. During the year, the introduction of the IPS drive system was completed with new and stronger drive units to match the Volvo Group’s 11 and 13 liter engines. With these systems, Volvo Penta will be able to deliver propulsion engines in boats up to 100 feet.

On the industrial side, future emission requirements entail that Volvo Penta, with its strong product program and low emission engines, will be able to capture new market shares with industrial customers in Europe, but also in the rest of the world where the environmental requirements are successively being intensified.