Report: Toyota eyeing production of record 11 million vehicles next fiscal year

On average, the company would have to build 900,000 cars per month
by Leandre Grecia | Jan 27, 2022
Toyota, manufacturing plant, Toyota plant, production line, Toyota production, Toyota manufacturing plant, production plant Toyota, toyota production line
PHOTO: Toyota
CAR BRANDS IN THIS ARTICLE

Production of automotive companies took a hit last year due to a lot of issues—aside from multiple pandemic-related lockdowns, there were also supply-chain disruptions and the ongoing global chip shortage to deal with.

Toyota, for example, has had to temporarily halt its manufacturing operations in different locations a few times in 2021. This year, though, the Japanese carmaker aims to turn things around: According to a report by Nikkei Asia, Toyota Motor Corporation plans to build 11 million vehicles worldwide in fiscal year 2022, which starts in April.

ALSO READ:
Toyota PH dealers are now accepting reservations for the Raize
PH-spec Toyota Raize available with 1.0-liter turbo, to start at P746,000

Toyota production targets for 2022

This target is around 20% more than the company’s actual production in the current fiscal year, which is estimated to reach about nine million units. Toyota will reportedly manufacture 3.5 million units in Japan, while the remaining 7.5 million will be built in overseas plants.

Continue reading below ↓

To meet its new targets, Toyota production activities will have to hit 900,000 vehicles per month on average. Nikkei reports that Toyota’s projection “assumes that the pandemic will be brought under control and that there will be ample supplies of semiconductors,” but the possibility of either of these is still uncertain at this point.

Continue reading below ↓
Recommended Videos

Nikkei also highlights Toyota’s failure to expand its outputs in February and March due to the semiconductor crisis, saying that it “raises doubts” whether it can even meet its 9 million production target for the current year.

See Also

Top Gear Philippines is now on Quento! Click here to download the app and enjoy more articles and videos from Top Gear Philippines and your favorite websites.

PHOTO: Toyota
  • Quiz Results

  • TGP Rating:
    /20

    Starts at ₱

    TGP Rating:
    /20
    Starts at ₱