Japan’s largest automaker Toyota Motor increased global production 13.8 percent year-on-year to 787,000 vehicles in April, a record for April. It said in a press release today. The record result is attributed to improved availability of microchips as well as recovery from the covid-19 pandemic. Vehicle sales from the manufacturer were also higher in April. Toyota is the world’s biggest car seller.
Toyota ‘s Global Production Surge
Production outside Japan increased 14.7 percent to 514,738 vehicles in April, also a record for the month of April. Production in China rose 51.9 percent, which the automaker attributed to the lifting of restrictions imposed by authorities in Shanghai because of the pandemic. Toyota also increased production in North America and Europe.
In its Japanese factories, the company increased production by 12.2 percent to 273,062 cars. It was helped mainly by strong domestic demand and an improvement in the market for chips, which were in short supply during the pandemic.
Increased Sales Performance
Toyota also increased sales in April, up 4.9 percent globally to 800,863 vehicles. Its cars sold well in Japan, where sales rose 21.5 percent year-on-year to 125,326 vehicles. International sales then rose 2.3 percent to 675,537 cars. Strong demand in China offset declines in other markets, including Europe and North America.
Toyota said earlier this month that it plans to produce and sell record numbers of cars globally under the Toyota and Lexus brands in the current financial year. The plan calls for production of 10.1 million and sales of 10.4 million cars, Kyodo news agency reported. Toyota’s fiscal year ends in March. Higher production will allow further improvements in chip availability.
Source: ÄŒTK
