Toyota Motor has lifted its global production plans by 1% to 7.57m vehicles for 2010, anticipating better demand in Japan and other Asian markets, a source at a group company has said.
The automaker had told its suppliers in December that it planned to produce 7.49m vehicles in the 2010 calendar year but would notify them of the latest revision later on Tuesday, the unidentified source told Reuters.
Fuelled by subsidy-led demand for fuel-efficient cars in Japan, Toyota lifted its domestic production plan by 40,000 units, the source said.
In North America, its biggest market, a recall-driven production and sales suspension prompted Toyota to lower plans by 60,000 units but that would be more than offset by an upward revision of 100,000 units in non-Japan markets, the person added.
The new output figure, which excludes Daihatsu and Hino, would represent a 19% jump from 2009, Reuters added.
Meanwhile, Japan’s Nikkei newspaper said on Tuesday Nissan aimed to boost global production by over 17% to an all-time high of more than 3.69m units in the fiscal year starting in April, thanks to strong demand in emerging economies.
Nissan spokesman Toshitake Inoshita said the figures had been presented to parts suppliers for their reference to help them plan production for the year ahead.
“The figures for suppliers do not represent our business plan. We have not decided on our actual production plans for fiscal 2010,” he said.
Honda said yesterday its 2010/1 fiscal year output could rise by as much as 8%.