Toyota Motor Corporation has revised its sales and production plans upwards, citing “increased sales volume [in markets] such as in Japan and North America”, after booking a solid return to profit in the first quarter of fiscal 2012/3.
Earlier, the Nikkei had said Toyota would boost global production by about 300,000 units this year as it expected sales growth mainly in the US and emerging markets.
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The Nikkei said the automaker, at the end of 2011, had unveiled plans to build a record 8.65m Toyota and Lexus vehicles in 2012, up 24% from 2011. The revised plan would call for a roughly 30% increase from last year to nearly 9m units.
That report has proven reasonably accurate with Toyota saying on Friday global output would be boosted 220,000 units to 8.87m with a boost of 110,000 in Japan to 3.51m and 110,000 overseas to 5.36m.
There was no change at Daihatsu (1m worldwide in 2012 with 220,000 of those built overseas) or Hino (180,000 worldwide).
Toyota said it now expected to sell 8.75m vehicles worldwide this year, up 170,000, with 7.08m of those outside Japan.
