Four major Japanese car makers on Wednesday reported increased global production in March from growing demand, but only Mitsubishi Motors Corp. suffered a drop in last year’s output, according to The Associated Press.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Toyota boosted its worldwide production 10.1% year on year to 692,678 vehicles while its domestic production rose 9.2% to 386,677 vehicles in March – the third straight month of increases, the report said. Fiscal year to March 31 output was 6.876 million vehicles, up 9.2% from the previous financial year.
AP said Nissan Motor rolled out 345,452 vehicles in March, up 14.3% year on year – its Japanese production climbed 7.0% to 155,381.
Nissan’s global production for the fiscal year rose 8.2% to an all-time fiscal year record of 3.313 million vehicles, surpassing the 3 million mark for the second straight year, the report noted.
Honda global production in March totalled 320,508 vehicles, up 6.1% year on year, while production in Japan rose 2.4% for the month to 127,604 vehicles, AP said, adding that fiscal year global production climbed 8.9% to 3.257 million vehicles.
The Associated Press said global production for Mazda inched up 2.6% to 103,380 vehicles in March – its domestic output totalled 82,195 vehicles, up 10.2%, while its overseas production fell 19.1% to 21,185 vehicles.
Global production for Mitsubishi Motors dropped 11.4% to 130,602 vehicles for the 11th straight month of declines as its domestic sales and exports fell, AP said. The company’s exports dropped 19.7% to 27,432 vehicles, while its overseas production edged up 1.6% to 69,889 vehicles, the report added.
