Toyota's global auto output increased by 1.5% in November, and its overseas market output increased by 3.8%
28 August 2023
Toyota reported earlier this month that it expected to produce 700000 vehicles in January and maintain its target of 9.2 million vehicles in the fiscal year ending March. Toyota had expected to produce 9.7 million cars this fiscal year, but was forced to lower its target in November due to rising material costs and semiconductor shortages. However, this is still higher than the production of about 8.6 million vehicles last year.