Toyota Motor Corporation has announced its global vehicle production increased by over 10% year-on-year to 5.74 million units in the first half of the current fiscal year, between April and September 2023, as Japan’s leading automaker rebounded from last year’s supply chain shortages.
This includes an almost 13% rise in Toyota-Lexus output to 5.06 million units, while Daihatsu production fell by over 5% to 606,348 units and Hino output was down by close to 14% at 73,530 units.
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Overall production in Japan, which was hit hardest by last year’s semiconductor shortages, rebounded by 31% to 1.69 million units while exports increased by 23% to 1.06 units. Overseas production increased by just over 5% to 3.37 million units.
Global sales rose by over 8% to 5.16 million units in the six-month period, with Toyota-Lexus deliveries rising by 9% to 5.17 million units and Daihatsu sales increased by just under 2% to 358,283 units, while Hino sales fell by 11% to 65,512 units.
Last week Toyota resumed full production at its plants in Japan after it was forced to suspend operations at 14 production lines in six plants for up to one week after an explosion at a plant of a key supplier of suspension components halted supplies.
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By GlobalData
