Toyota Motor Corporation plans to increase overseas production by 15% to 2.5 million vehicles, the company said in a statement released on Tuesday.

Domestic production of Toyota, Daihatsu and Hino vehicles would fall 1% to 4.1 million.

Overseas production of Toyota-badged vehicles would also rise 15% to 2.48 million, the statement added, while domestic production dropped 3% to 3.39 million.

TMC expects its total vehicle exports from Japan to decrease 6% to 1.82 million. Toyota exports will drop 7% to 1.71 million while Daihatsu shipments will rise 7% to 80,000 units and Hino will ship 30,000 trucks, a 15% rise.

TMC forecasts its worldwide sales will rise 5% in 2003 to 6.5 million (Toyota 5.79 million, +5%; Daihatsu 630,000, +5%; Hino 70,000, +17%). It expects group domestic sales to rise 3% to 2.3 million while overseas sales increase 6% to 4.19 million.

With two weeks of 2002 left, Toyota expects the year's sales to reach 6.17 million, a 4% rise. Japanese sales will decrease 3% to 2.23 million while overseas sales are up 8% to 3.94 million.

Worldwide production will be up 8% to 6.31 million, Toyota said.

2003 Plans
Unit: 1,000 vehicles [all figures approximate];
( ) indicates year-on-year difference
 
Toyota
Daihatsu
Hino
Total
Domestic Sales
1,720 (2%)
540 (4%)
40 (18%)
2,300 (3%)
Overseas Sales
4,070 (6%)
90 (5%)
30 (15%)
4,190 (6%)
Worldwide Sales
5,790 (5%)
630 (5%)
70 (17%)
6,500 (5%)
Domestic Production
3,390 (-3%)
640 (6%)
70 (20%)
4,100 (-1%)
Overseas Production
2,480 (15%)
20 (12%)
0
-2,500 (15%)
Worldwide Production
5,870 (4%)
660 (6%)
70 (20%)
6,600 (5%)
Exports
1,170 (-7%)
80 (7%)
30 (15%)
1,820 (-6%)
For reference: Expected Results for 2002
Unit: 1,000 vehicles [all figures approximate];
( ) indicates year-on-year difference
 
Toyota
Daihatsu
Hino
Total
Domestic Sales*1
1,690 (-2%)
510 (-6%)
30 (-4%)
2,230 (-3%)
Overseas Sales *2
3,830 (8%)
90 (24%)
20 (23%)
3,940 (8%)
Worldwide Sales
5,520 (5%)
600 (-5%)
50 (6%)
6,170 (4%)
Domestic Production
3,480 (4%)
600 (-6%)
50 (2%)
4,130 (2%)
Overseas Production
2,160 (21%)
20 (-1%)
-
2,180 (21%)
Worldwide Production
5,640 (10%)
620 (-6%)
50 (2%)
6,310 (8%)
Exports
1,830 (10%)
80 (18%)
20 (23%)
1,930 (10%)
1 Based on registrations (notifications in the case of minivehicles)
2 Based on Toyota, Daihatsu and Hino surveys
Source: TMC
NOTE: The above figures are based on TMC’s judgment/assumptions using currently available information and other factors. Due to uncertainties involved in the making of TMC’s judgment/assumptions and to possible market fluctuations resulting from changes in domestic and overseas conditions, TMC does not guarantee that actual results will reflect these figures.