According to a report by Nikkei Asia, Toyota Motor Corporation has a “bullish plan” to produce a record number of vehicles across the globe in 2021, exceeding even pre-pandemic production figures.
Toyota aims to manufacture more cars for 2021
The company now eyes building about 9.2 million vehicles worldwide until December, a 17% increase from its 2020 production. As mentioned, this would also be a new record for the most vehicles Toyota has ever produced in a year.
The bulk of Toyota’s production will come from China, where the carmaker is anticipating a production record this year. In its home market of Japan, though, Toyota is only expecting to build 3.2 million units, a figure that’s up 9% from 2020 but down 7% from 2019.
Vaccinations key to Toyota's success
Meanwhile, as far as sales go, Toyota expects it to stabilize as vaccinations across the world begin. Demand is reportedly on a strong rebound, especially in North America and Japan. The company is anticipating the sales of SUVs such as the RAV4 and Harrier to expand even further in 2021.
A company executive, however, reportedly said that while the aforementioned chip shortage may not be an issue now, it could pose some problems for production later on in the year. Toyota is expected to decide on its official production plan within the month, so we could be seeing the entirety of its gameplan soon. Watch this space.