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    <labelArc xlink:type="arc" xlink:from="ifrs-full_CashFlowsFromUsedInOperatingActivities" xlink:to="label_abvolvo_ifrs-fullCashFlowsFromUsedInOperatingActivities_Total" order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" priority="100" />
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    <labelArc xlink:type="arc" xlink:from="abvolvo_PurchaseOfTangibleAssetsLessLeasingVehiclesClassifiedAsInvestingActivities" xlink:to="label_abvolvo_abvolvoPurchaseOfTangibleAssetsLessLeasingVehiclesClassifiedAsInvestingActivities_Standard" order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" />
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    <labelArc xlink:type="arc" xlink:from="ifrs-full_ProceedsFromDisposalsOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets" xlink:to="label_abvolvo_ifrs-fullProceedsFromDisposalsOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets_Standard" order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" priority="100" />
    <labelArc xlink:type="arc" xlink:from="abvolvo_OperatingCashFlow" xlink:to="label_abvolvo_abvolvoOperatingCashFlow_Standard" order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" />
    <labelArc xlink:type="arc" xlink:from="ifrs-full_OtherCashPaymentsToAcquireEquityOrDebtInstrumentsOfOtherEntitiesClassifiedAsInvestingActivities" xlink:to="label_abvolvo_ifrs-fullOtherCashPaymentsToAcquireEquityOrDebtInstrumentsOfOtherEntitiesClassifiedAsInvestingActivities_Standard" order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" priority="100" />
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    <labelArc xlink:type="arc" xlink:from="ifrs-full_CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities" xlink:to="label_abvolvo_ifrs-fullCashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities_Standard" order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" priority="100" />
    <labelArc xlink:type="arc" xlink:from="ifrs-full_CashFlowsFromLosingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities" xlink:to="label_abvolvo_ifrs-fullCashFlowsFromLosingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities_Standard" order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" priority="100" />
    <labelArc xlink:type="arc" xlink:from="abvolvo_CashFlowsFromInterestBearingReceivablesInclMarketableSecuritiesClassifiedAsInvestingActivities" xlink:to="label_abvolvo_abvolvoCashFlowsFromInterestBearingReceivablesInclMarketableSecuritiesClassifiedAsInvestingActivities_Standard" order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" />
    <labelArc xlink:type="arc" xlink:from="abvolvo_CashFlowAfterNetInvestments" xlink:to="label_abvolvo_abvolvoCashFlowAfterNetInvestments_Standard" order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" />
    <labelArc xlink:type="arc" xlink:from="ifrs-full_ProceedsFromBorrowingsClassifiedAsFinancingActivities" xlink:to="label_abvolvo_ifrs-fullProceedsFromBorrowingsClassifiedAsFinancingActivities_Standard" order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" priority="100" />
    <labelArc xlink:type="arc" xlink:from="ifrs-full_RepaymentsOfBorrowingsClassifiedAsFinancingActivities" xlink:to="label_abvolvo_ifrs-fullRepaymentsOfBorrowingsClassifiedAsFinancingActivities_Standard" order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" priority="100" />
    <labelArc xlink:type="arc" xlink:from="ifrs-full_DividendsPaidToEquityHoldersOfParentClassifiedAsFinancingActivities" xlink:to="label_abvolvo_ifrs-fullDividendsPaidToEquityHoldersOfParentClassifiedAsFinancingActivities_Standard" order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" priority="100" />
    <labelArc xlink:type="arc" xlink:from="ifrs-full_DividendsPaidToNoncontrollingInterestsClassifiedAsFinancingActivities" xlink:to="label_abvolvo_ifrs-fullDividendsPaidToNoncontrollingInterestsClassifiedAsFinancingActivities_Standard" order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" priority="100" />
    <labelArc xlink:type="arc" xlink:from="ifrs-full_OtherInflowsOutflowsOfCashClassifiedAsFinancingActivities" xlink:to="label_abvolvo_ifrs-fullOtherInflowsOutflowsOfCashClassifiedAsFinancingActivities_Standard" order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" priority="100" />
    <labelArc xlink:type="arc" xlink:from="ifrs-full_IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges" xlink:to="label_abvolvo_ifrs-fullIncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges_Total" order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" priority="100" />
    <labelArc xlink:type="arc" xlink:from="ifrs-full_EffectOfExchangeRateChangesOnCashAndCashEquivalents" xlink:to="label_abvolvo_ifrs-fullEffectOfExchangeRateChangesOnCashAndCashEquivalents_Standard" order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" priority="100" />
    <labelArc xlink:type="arc" xlink:from="ifrs-full_IncreaseDecreaseInCashAndCashEquivalents" xlink:to="label_abvolvo_ifrs-fullIncreaseDecreaseInCashAndCashEquivalents_Total" order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" priority="100" />
    <labelArc xlink:type="arc" xlink:from="ifrs-full_CashAndCashEquivalents" xlink:to="label_abvolvo_ifrs-fullCashAndCashEquivalents_PeriodStart" order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" priority="100" />
    <labelArc xlink:type="arc" xlink:from="ifrs-full_CashAndCashEquivalents" xlink:to="label_abvolvo_ifrs-fullCashAndCashEquivalents_PeriodEnd" order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" priority="100" />
    <label xlink:label="label_abvolvo_FinancialServciesMember" id="abvolvo_FinancialServciesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Financial Servcies (member)</label>
    <label xlink:label="label_abvolvo_StatementOfCashFlowsTable" id="abvolvo_StatementOfCashFlowsTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Rapport över kassaflöden [table]</label>
    <label xlink:label="label_StatementOfCashFlowsLineItems" id="StatementOfCashFlowsLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Rapport över kassaflöden [line items]</label>
    <label xlink:label="label_StatementOfCashFlowsAbstract" id="StatementOfCashFlowsAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Rapport över kassaflöden</label>
    <label xlink:label="label_abvolvo_ifrs-fullProfitLossFromOperatingActivities_Standard" id="abvolvo_ifrs-fullProfitLossFromOperatingActivities_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Rörelseresultat</label>
    <label xlink:label="label_abvolvo_abvolvoAdjustmentsForAmortizationAndImpairmentOfIntangibleAssets_Standard" id="abvolvo_abvolvoAdjustmentsForAmortizationAndImpairmentOfIntangibleAssets_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Justeringar för avskrivningar och nedskrivningar av immateriella anläggningstillgångar</label>
    <label xlink:label="label_abvolvo_abvolvoAdjustmentsForDepreciationAndImpairmentOfTangibleAssetsLessLeasingVehicles_Standard" id="abvolvo_abvolvoAdjustmentsForDepreciationAndImpairmentOfTangibleAssetsLessLeasingVehicles_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Justeringar för avskrivningar och nedskrivningar av materiella anläggningstillgångar utom leasingtillgångar</label>
    <label xlink:label="label_abvolvo_abvolvoAdjustmentsForDepreciationAndImpairmentOfLeasingVehicles_Standard" id="abvolvo_abvolvoAdjustmentsForDepreciationAndImpairmentOfLeasingVehicles_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Justeringar för avskrivningar och nedskrivningar av leasingtillgångar</label>
    <label xlink:label="label_abvolvo_ifrs-fullOtherAdjustmentsForNoncashItems_Standard" id="abvolvo_ifrs-fullOtherAdjustmentsForNoncashItems_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Övriga ej kassapåverkade poster</label>
    <label xlink:label="label_abvolvo_ifrs-fullIncreaseDecreaseInWorkingCapital_Total" id="abvolvo_ifrs-fullIncreaseDecreaseInWorkingCapital_Total" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="sv">Totalförändring i rörelsekapital varav</label>
    <label xlink:label="label_CashFlowsFromUsedInOperatingActivitiesAbstract" id="CashFlowsFromUsedInOperatingActivitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Kassaflöden från (som används i) den löpande verksamheten</label>
    <label xlink:label="label_AdjustmentsForReconcileProfitLossAbstract" id="AdjustmentsForReconcileProfitLossAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Justeringar för avstämning av rörelseresultat</label>
    <label xlink:label="label_abvolvo_ifrs-fullAdjustmentsForDecreaseIncreaseInTradeAccountReceivable_Standard" id="abvolvo_ifrs-fullAdjustmentsForDecreaseIncreaseInTradeAccountReceivable_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Förändring i kundfordringar</label>
    <label xlink:label="label_abvolvo_abvolvoAdjustmentsForDecreaseIncreaseInCustomerFinancingReceivables_Standard" id="abvolvo_abvolvoAdjustmentsForDecreaseIncreaseInCustomerFinancingReceivables_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Justeringar för minskning (ökning) i kundfinansieringsfordringar</label>
    <label xlink:label="label_abvolvo_ifrs-fullAdjustmentsForDecreaseIncreaseInInventories_Standard" id="abvolvo_ifrs-fullAdjustmentsForDecreaseIncreaseInInventories_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Förändring i varulager</label>
    <label xlink:label="label_abvolvo_ifrs-fullAdjustmentsForIncreaseDecreaseInTradeAccountPayable_Standard" id="abvolvo_ifrs-fullAdjustmentsForIncreaseDecreaseInTradeAccountPayable_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Förändring i leverantörsskulder</label>
    <label xlink:label="label_abvolvo_abvolvoAdjustmentsForIncreaseDecreaseInOtherChangesInWorkingCapital_Standard" id="abvolvo_abvolvoAdjustmentsForIncreaseDecreaseInOtherChangesInWorkingCapital_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Justeringar för ökning (minskning) av övriga förändringar i rörelsekapital</label>
    <label xlink:label="label_abvolvo_ifrs-fullDividendsReceivedClassifiedAsOperatingActivities_Standard" id="abvolvo_ifrs-fullDividendsReceivedClassifiedAsOperatingActivities_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Erhållna utdelningar från joint ventures och intressebolag</label>
    <label xlink:label="label_abvolvo_ifrs-fullInterestReceivedClassifiedAsOperatingActivities_Standard" id="abvolvo_ifrs-fullInterestReceivedClassifiedAsOperatingActivities_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Erhållna räntor och liknande förpliktelser</label>
    <label xlink:label="label_abvolvo_ifrs-fullInterestPaidClassifiedAsOperatingActivities_Standard" id="abvolvo_ifrs-fullInterestPaidClassifiedAsOperatingActivities_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Erlagda räntor och liknande förpliktelser</label>
    <label xlink:label="label_abvolvo_abvolvoOtherFinancialItemsClassifiedAsOperatingActivities_Standard" id="abvolvo_abvolvoOtherFinancialItemsClassifiedAsOperatingActivities_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Övriga finansiella poster, klassificerade som löpande verksamhet</label>
    <label xlink:label="label_abvolvo_ifrs-fullIncomeTaxesPaidClassifiedAsOperatingActivities_Standard" id="abvolvo_ifrs-fullIncomeTaxesPaidClassifiedAsOperatingActivities_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Betalda inkomstskatter</label>
    <label xlink:label="label_abvolvo_ifrs-fullCashFlowsFromUsedInOperatingActivities_Total" id="abvolvo_ifrs-fullCashFlowsFromUsedInOperatingActivities_Total" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="sv">Kassaflöde från den löpande verksamheten</label>
    <label xlink:label="label_abvolvo_ifrs-fullPurchaseOfIntangibleAssetsClassifiedAsInvestingActivities_Standard" id="abvolvo_ifrs-fullPurchaseOfIntangibleAssetsClassifiedAsInvestingActivities_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Investeringar i immateriella anläggningstillgångar</label>
    <label xlink:label="label_abvolvo_abvolvoPurchaseOfTangibleAssetsLessLeasingVehiclesClassifiedAsInvestingActivities_Standard" id="abvolvo_abvolvoPurchaseOfTangibleAssetsLessLeasingVehiclesClassifiedAsInvestingActivities_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Köp av materiella anläggningstillgångar utom leasing tillgångar, klassificerade som investeringsverksamhet</label>
    <label xlink:label="label_abvolvo_abvolvoPurchaseOfLeasingVehiclesClassifiedAsInvestingActivities_Standard" id="abvolvo_abvolvoPurchaseOfLeasingVehiclesClassifiedAsInvestingActivities_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Köp av leasingtillgångar, klassificerade som investeringsverksamhet</label>
    <label xlink:label="label_abvolvo_ifrs-fullProceedsFromDisposalsOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets_Standard" id="abvolvo_ifrs-fullProceedsFromDisposalsOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Avyttringar av im-/materiella anläggningstillgångar</label>
    <label xlink:label="label_abvolvo_abvolvoOperatingCashFlow_Standard" id="abvolvo_abvolvoOperatingCashFlow_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Operativt kassaflöde</label>
    <label xlink:label="label_abvolvo_ifrs-fullOtherCashPaymentsToAcquireEquityOrDebtInstrumentsOfOtherEntitiesClassifiedAsInvestingActivities_Standard" id="abvolvo_ifrs-fullOtherCashPaymentsToAcquireEquityOrDebtInstrumentsOfOtherEntitiesClassifiedAsInvestingActivities_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Förvärv av aktier och andelar</label>
    <label xlink:label="label_abvolvo_ifrs-fullOtherCashReceiptsFromSalesOfEquityOrDebtInstrumentsOfOtherEntitiesClassifiedAsInvestingActivities_Standard" id="abvolvo_ifrs-fullOtherCashReceiptsFromSalesOfEquityOrDebtInstrumentsOfOtherEntitiesClassifiedAsInvestingActivities_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Försäljning av aktier och andelar</label>
    <label xlink:label="label_abvolvo_ifrs-fullCashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities_Standard" id="abvolvo_ifrs-fullCashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Förvärv av verksamheter</label>
    <label xlink:label="label_abvolvo_ifrs-fullCashFlowsFromLosingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities_Standard" id="abvolvo_ifrs-fullCashFlowsFromLosingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Försäljning av verksamheter</label>
    <label xlink:label="label_abvolvo_abvolvoCashFlowsFromInterestBearingReceivablesInclMarketableSecuritiesClassifiedAsInvestingActivities_Standard" id="abvolvo_abvolvoCashFlowsFromInterestBearingReceivablesInclMarketableSecuritiesClassifiedAsInvestingActivities_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Kassaflöde från räntebärande fordringar inklusive kortfristiga placeringar, klassificerade som investeringsverksamheter</label>
    <label xlink:label="label_abvolvo_abvolvoCashFlowAfterNetInvestments_Standard" id="abvolvo_abvolvoCashFlowAfterNetInvestments_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Kassaflöde efter nettoinvesteringar</label>
    <label xlink:label="label_abvolvo_ifrs-fullProceedsFromBorrowingsClassifiedAsFinancingActivities_Standard" id="abvolvo_ifrs-fullProceedsFromBorrowingsClassifiedAsFinancingActivities_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Upptagna lån</label>
    <label xlink:label="label_abvolvo_ifrs-fullRepaymentsOfBorrowingsClassifiedAsFinancingActivities_Standard" id="abvolvo_ifrs-fullRepaymentsOfBorrowingsClassifiedAsFinancingActivities_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Återbetalning av lån</label>
    <label xlink:label="label_abvolvo_ifrs-fullDividendsPaidToEquityHoldersOfParentClassifiedAsFinancingActivities_Standard" id="abvolvo_ifrs-fullDividendsPaidToEquityHoldersOfParentClassifiedAsFinancingActivities_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Utdelning till AB Volvos aktieägare</label>
    <label xlink:label="label_abvolvo_ifrs-fullDividendsPaidToNoncontrollingInterestsClassifiedAsFinancingActivities_Standard" id="abvolvo_ifrs-fullDividendsPaidToNoncontrollingInterestsClassifiedAsFinancingActivities_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Utdelning till innehav utan bestämmande inflytande</label>
    <label xlink:label="label_abvolvo_ifrs-fullOtherInflowsOutflowsOfCashClassifiedAsFinancingActivities_Standard" id="abvolvo_ifrs-fullOtherInflowsOutflowsOfCashClassifiedAsFinancingActivities_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Övrigt</label>
    <label xlink:label="label_abvolvo_ifrs-fullIncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges_Total" id="abvolvo_ifrs-fullIncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges_Total" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="sv">Förändring av likvida medel exkl. omräkningsdifferenser</label>
    <label xlink:label="label_abvolvo_ifrs-fullEffectOfExchangeRateChangesOnCashAndCashEquivalents_Standard" id="abvolvo_ifrs-fullEffectOfExchangeRateChangesOnCashAndCashEquivalents_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Omräkningsdifferenser på likvida medel</label>
    <label xlink:label="label_abvolvo_ifrs-fullIncreaseDecreaseInCashAndCashEquivalents_Total" id="abvolvo_ifrs-fullIncreaseDecreaseInCashAndCashEquivalents_Total" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="sv">Förändring av likvida medel</label>
    <label xlink:label="label_abvolvo_ifrs-fullCashAndCashEquivalents_PeriodStart" id="abvolvo_ifrs-fullCashAndCashEquivalents_PeriodStart" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="sv">Likvida medel vid årets början</label>
    <label xlink:label="label_abvolvo_ifrs-fullCashAndCashEquivalents_PeriodEnd" id="abvolvo_ifrs-fullCashAndCashEquivalents_PeriodEnd" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="sv">Likvida medel vid årets slut</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DeferredTaxLiabilities" xlink:label="ifrs-full_DeferredTaxLiabilities" />
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CurrentAssets" xlink:label="ifrs-full_CurrentAssets" />
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_StatementOfFinancialPositionAbstract" xlink:label="ifrs-full_StatementOfFinancialPositionAbstract" />
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    <label xlink:label="label_abvolvo_ifrs-fullNoncurrentRecognisedAssetsDefinedBenefitPlan_Standard" id="abvolvo_ifrs-fullNoncurrentRecognisedAssetsDefinedBenefitPlan_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Pensionstillgångar, netto</label>
    <label xlink:label="label_abvolvo_abvolvoNoncurrentInterestBearingReceivables_Standard" id="abvolvo_abvolvoNoncurrentInterestBearingReceivables_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Långfristiga räntebärande fordringar</label>
    <label xlink:label="label_abvolvo_ifrs-fullOtherNoncurrentReceivables_Standard" id="abvolvo_ifrs-fullOtherNoncurrentReceivables_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Övriga långfristiga fordringar</label>
    <label xlink:label="label_abvolvo_ifrs-fullNoncurrentAssets_Total" id="abvolvo_ifrs-fullNoncurrentAssets_Total" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="sv">Summa anläggningstillgångar</label>
    <label xlink:label="label_abvolvo_ifrs-fullInventories_Standard" id="abvolvo_ifrs-fullInventories_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Varulager</label>
    <label xlink:label="label_abvolvo_ifrs-fullCurrentFinanceLeaseReceivables_Standard" id="abvolvo_ifrs-fullCurrentFinanceLeaseReceivables_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Kortfristiga kundfinansieringsfordringar</label>
    <label xlink:label="label_abvolvo_ifrs-fullCurrentTaxAssetsCurrent_Standard" id="abvolvo_ifrs-fullCurrentTaxAssetsCurrent_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Aktuella skattefordringar</label>
    <label xlink:label="label_abvolvo_abvolvoCurrentInterestBearingReceivables_Standard" id="abvolvo_abvolvoCurrentInterestBearingReceivables_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Kortfristiga räntebärande fordringar</label>
    <label xlink:label="label_abvolvo_abvolvoCurrentInternalFundingAssets_Standard" id="abvolvo_abvolvoCurrentInternalFundingAssets_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Kortfristiga interna finansieringstillgångar</label>
    <label xlink:label="label_abvolvo_ifrs-fullCurrentTradeReceivables_Standard" id="abvolvo_ifrs-fullCurrentTradeReceivables_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Kundfordringar</label>
    <label xlink:label="label_abvolvo_ifrs-fullOtherCurrentReceivables_Standard" id="abvolvo_ifrs-fullOtherCurrentReceivables_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Övriga fordringar</label>
    <label xlink:label="label_abvolvo_ifrs-fullCurrentHeldtomaturityInvestments_Standard" id="abvolvo_ifrs-fullCurrentHeldtomaturityInvestments_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Kortfristiga placeringar</label>
    <label xlink:label="label_abvolvo_ifrs-fullNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSale_Standard" id="abvolvo_ifrs-fullNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSale_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Tillgångar som innehas till försäljning</label>
    <label xlink:label="label_abvolvo_ifrs-fullCurrentAssets_Total" id="abvolvo_ifrs-fullCurrentAssets_Total" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="sv">Summa omsättningstillgångar</label>
    <label xlink:label="label_abvolvo_ifrs-fullAssets_Total" id="abvolvo_ifrs-fullAssets_Total" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="sv">Summa tillgångar</label>
    <label xlink:label="label_abvolvo_ifrs-fullEquityAttributableToOwnersOfParent_Standard" id="abvolvo_ifrs-fullEquityAttributableToOwnersOfParent_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Eget kapital hänförligt till AB Volvos ägare</label>
    <label xlink:label="label_abvolvo_ifrs-fullEquity_Total" id="abvolvo_ifrs-fullEquity_Total" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="sv">Summa eget kapital</label>
    <label xlink:label="label_abvolvo_ifrs-fullNoncurrentRecognisedLiabilitiesDefinedBenefitPlan_Standard" id="abvolvo_ifrs-fullNoncurrentRecognisedLiabilitiesDefinedBenefitPlan_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Avsättningar för pensioner och liknande förpliktelser</label>
    <label xlink:label="label_abvolvo_ifrs-fullDeferredTaxLiabilities_Standard" id="abvolvo_ifrs-fullDeferredTaxLiabilities_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Avsättningar för uppskjutna skatter</label>
    <label xlink:label="label_abvolvo_abvolvoNonCurrentOtherProvisionsAndProvisionsForRestructuring_Standard" id="abvolvo_abvolvoNonCurrentOtherProvisionsAndProvisionsForRestructuring_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Långfristiga övriga avsättningar och avsättningar för omstruktureringar</label>
    <label xlink:label="label_abvolvo_ifrs-fullNoncurrentProvisions_Total" id="abvolvo_ifrs-fullNoncurrentProvisions_Total" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="sv">Summa långfristiga avsättningar</label>
    <label xlink:label="label_abvolvo_ifrs-fullNoncurrentPortionOfNoncurrentBondsIssued_Standard" id="abvolvo_ifrs-fullNoncurrentPortionOfNoncurrentBondsIssued_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Obligationslån</label>
    <label xlink:label="label_abvolvo_abvolvoNoncurrentOtherLoans_Standard" id="abvolvo_abvolvoNoncurrentOtherLoans_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Långfristiga övriga lån</label>
    <label xlink:label="label_abvolvo_abvolvoNoncurrentInternalFundingLiability_Standard" id="abvolvo_abvolvoNoncurrentInternalFundingLiability_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Långfristiga interna finansieringsskulder</label>
    <label xlink:label="label_abvolvo_ifrs-fullOtherNoncurrentLiabilities_Standard" id="abvolvo_ifrs-fullOtherNoncurrentLiabilities_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Övriga skulder</label>
    <label xlink:label="label_abvolvo_ifrs-fullNoncurrentLiabilities_Total" id="abvolvo_ifrs-fullNoncurrentLiabilities_Total" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="sv">Summa långfristiga skulder</label>
    <label xlink:label="label_abvolvo_ifrs-fullCurrentBondsIssuedAndCurrentPortionOfNoncurrentBondsIssued_Standard" id="abvolvo_ifrs-fullCurrentBondsIssuedAndCurrentPortionOfNoncurrentBondsIssued_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Obligationslån</label>
    <label xlink:label="label_abvolvo_abvolvoCurrentOtherLoans_Standard" id="abvolvo_abvolvoCurrentOtherLoans_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Kortfristiga övriga lån</label>
    <label xlink:label="label_abvolvo_abvolvoCurrentInternalFundingLiability_Standard" id="abvolvo_abvolvoCurrentInternalFundingLiability_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Kortfristiga interna finansieringsskulder</label>
    <label xlink:label="label_abvolvo_ifrs-fullTradeAndOtherCurrentPayables_Standard" id="abvolvo_ifrs-fullTradeAndOtherCurrentPayables_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Leverantörsskulder</label>
    <label xlink:label="label_abvolvo_ifrs-fullCurrentTaxLiabilitiesCurrent_Standard" id="abvolvo_ifrs-fullCurrentTaxLiabilitiesCurrent_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Aktuella skatteskulder</label>
    <label xlink:label="label_abvolvo_ifrs-fullOtherCurrentLiabilities_Standard" id="abvolvo_ifrs-fullOtherCurrentLiabilities_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Övriga skulder</label>
    <label xlink:label="label_abvolvo_ifrs-fullLiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSale_Standard" id="abvolvo_ifrs-fullLiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSale_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">Skulder som innehas till försäljning</label>
    <label xlink:label="label_abvolvo_ifrs-fullCurrentLiabilities_Total" id="abvolvo_ifrs-fullCurrentLiabilities_Total" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="sv">Summa kortfristiga skulder</label>
    <label xlink:label="label_abvolvo_ifrs-fullEquityAndLiabilities_Total" id="abvolvo_ifrs-fullEquityAndLiabilities_Total" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="sv">Summa eget kapital och skulder</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ProfitLossAttributableToNoncontrollingInterests" xlink:label="ifrs-full_ProfitLossAttributableToNoncontrollingInterests" />
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DilutedEarningsLossPerShare" xlink:label="ifrs-full_DilutedEarningsLossPerShare" />
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_StatementOfComprehensiveIncomeAbstract" xlink:label="ifrs-full_StatementOfComprehensiveIncomeAbstract" />
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationNetOfTax" xlink:label="ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationNetOfTax" />
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherComprehensiveIncomeAbstract" xlink:label="ifrs-full_OtherComprehensiveIncomeAbstract" />
    <loc xlink:type="locator" xlink:href="abvolvo-2021-12-31.xsd#abvolvo_IndustrialOperationsMember" xlink:label="abvolvo_IndustrialOperationsMember" />
    <loc xlink:type="locator" xlink:href="abvolvo-2021-12-31.xsd#abvolvo_ProfitOrLossTable" xlink:label="abvolvo_ProfitOrLossTable" />
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CostOfSales" xlink:label="ifrs-full_CostOfSales" />
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_SellingExpense" xlink:label="ifrs-full_SellingExpense" />
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_RevenueFromInterest" xlink:label="ifrs-full_RevenueFromInterest" />
    <loc xlink:type="locator" xlink:href="abvolvo-2021-12-31.xsd#abvolvo_FinancialServicesMember" xlink:label="abvolvo_FinancialServicesMember" />
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ProfitLoss" xlink:label="ifrs-full_ProfitLoss" />
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTaxAbstract" xlink:label="ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTaxAbstract" />
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_Revenue" xlink:label="ifrs-full_Revenue" />
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IncomeStatementAbstract" xlink:label="ifrs-full_IncomeStatementAbstract" />
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_InterestExpense" xlink:label="ifrs-full_InterestExpense" />
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_GrossProfit" xlink:label="ifrs-full_GrossProfit" />
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherOperatingIncomeExpense" xlink:label="ifrs-full_OtherOperatingIncomeExpense" />
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" xlink:label="ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" />
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ComprehensiveIncomeAttributableToOwnersOfParent" xlink:label="ifrs-full_ComprehensiveIncomeAttributableToOwnersOfParent" />
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillBeReclassifiedToProfitOrLossNetOfTax" xlink:label="ifrs-full_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillBeReclassifiedToProfitOrLossNetOfTax" />
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ProfitLossBeforeTax" xlink:label="ifrs-full_ProfitLossBeforeTax" />
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ComprehensiveIncomeAttributableToNoncontrollingInterests" xlink:label="ifrs-full_ComprehensiveIncomeAttributableToNoncontrollingInterests" />
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherFinanceIncomeCost" xlink:label="ifrs-full_OtherFinanceIncomeCost" />
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationNetOfTax" xlink:label="ifrs-full_ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationNetOfTax" />
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ProfitLossAttributableToOwnersOfParent" xlink:label="ifrs-full_ProfitLossAttributableToOwnersOfParent" />
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherGainsLosses" xlink:label="ifrs-full_OtherGainsLosses" />
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ComprehensiveIncome" xlink:label="ifrs-full_ComprehensiveIncome" />
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTaxAbstract" xlink:label="ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTaxAbstract" />
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesFromInvestmentsInEquityInstruments" xlink:label="ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesFromInvestmentsInEquityInstruments" />
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IncomeTaxExpenseContinuingOperations" xlink:label="ifrs-full_IncomeTaxExpenseContinuingOperations" />
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_BasicEarningsLossPerShare" xlink:label="ifrs-full_BasicEarningsLossPerShare" />
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ResearchAndDevelopmentExpense" xlink:label="ifrs-full_ResearchAndDevelopmentExpense" />
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherComprehensiveIncome" xlink:label="ifrs-full_OtherComprehensiveIncome" />
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ProfitLossFromOperatingActivities" xlink:label="ifrs-full_ProfitLossFromOperatingActivities" />
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans" xlink:label="ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans" />
    <loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AdministrativeExpense" xlink:label="ifrs-full_AdministrativeExpense" />
    <loc xlink:type="locator" xlink:href="abvolvo-2021-12-31.xsd#abvolvo_ProfitOrLossLineItems" xlink:label="abvolvo_ProfitOrLossLineItems" />
    <labelArc xlink:type="arc" xlink:from="abvolvo_IndustrialOperationsMember" xlink:to="label_abvolvo_IndustrialOperationsMember" order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" />
    <labelArc xlink:type="arc" xlink:from="abvolvo_FinancialServicesMember" xlink:to="label_abvolvo_FinancialServicesMember" order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" />
    <labelArc xlink:type="arc" xlink:from="abvolvo_ProfitOrLossTable" xlink:to="label_abvolvo_ProfitOrLossTable" order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" />
    <labelArc xlink:type="arc" xlink:from="abvolvo_ProfitOrLossLineItems" xlink:to="label_ProfitOrLossLineItems" order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" />
    <labelArc xlink:type="arc" xlink:from="ifrs-full_IncomeStatementAbstract" xlink:to="label_IncomeStatementAbstract" order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" priority="100" />
    <labelArc xlink:type="arc" xlink:from="ifrs-full_Revenue" xlink:to="label_abvolvo_ifrs-fullRevenue_Standard" order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" priority="100" />
    <labelArc xlink:type="arc" xlink:from="ifrs-full_CostOfSales" xlink:to="label_abvolvo_ifrs-fullCostOfSales_Standard" order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" priority="100" />
    <labelArc xlink:type="arc" xlink:from="ifrs-full_GrossProfit" xlink:to="label_abvolvo_ifrs-fullGrossProfit_Total" order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" priority="100" />
    <labelArc xlink:type="arc" xlink:from="ifrs-full_ResearchAndDevelopmentExpense" xlink:to="label_abvolvo_ifrs-fullResearchAndDevelopmentExpense_Standard" order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" priority="100" />
    <labelArc xlink:type="arc" xlink:from="ifrs-full_SellingExpense" xlink:to="label_abvolvo_ifrs-fullSellingExpense_Standard" order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" priority="100" />
    <labelArc xlink:type="arc" xlink:from="ifrs-full_AdministrativeExpense" xlink:to="label_abvolvo_ifrs-fullAdministrativeExpense_Standard" order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" priority="100" />
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    <labelArc xlink:type="arc" xlink:from="ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" xlink:to="label_abvolvo_ifrs-fullShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod_Standard" order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" priority="100" />
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    <label xlink:label="label_abvolvo_ifrs-fullComprehensiveIncomeAttributableToOwnersOfParent_Standard" id="abvolvo_ifrs-fullComprehensiveIncomeAttributableToOwnersOfParent_Standard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="sv">AB Volvos ägare</label>
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