Daihatsu Motor has targeted sales of 570,000 minivehicles in Japan this year, up 1.5% from the previous year for a domestic market share of more than 30%, according to Kyodo News.
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Although the domestic market for minivehicles will contract slightly, ”We will increase sales by reinforcing marketing cooperation with Toyota Motor Corp. and selling hybrid vehicles,” Daihatsu president Takaya Yamada reportedly said.
Separately, Reuters reported that the minivehicle arm of Toyota Motor is after a 2.6% rise in its global vehicle sales in calendar 2005, helped by brisk demand overseas.
Daihatsu forecast 1.6% growth in its domestic vehicle sales and an 8.6% rise in exports, bringing its global sales to some 689,000 units in 2005 after selling sold 671,700 in 2004, up 7.4% from the previous year, the report added.
Heightened competition and the slower pace of new vehicle launches would limit its sales growth this calendar year, a company spokeswoman told Reuters.
Daihatsu reportedly estimated that overseas output would grow 25% in 2005 to 274,000 units, while domestic output is set for a scant 0.8% increase to 836,000 units in the same year.
