Toyota Motor said on Monday (22 June) domestic production volume in July was expected to recover to about a 10% drop against an initial plan reflecting the resumption of economic activities in Japan following the end of the national state of emergency over COVID-19.
The automaker said that compares with an estimated 40% decrease in June, Kyodo News reported.
Toyota planned to halt six lines at three vehicle plants for 16 days in July, an improvement from an estimated suspension of 25 production lines at 14 plants for 133 days the previous month, the report said.
As the coronavirus dented demand and restricted people’s movements, Toyota suspended some of its plant operations, its Japan output to fall 25.9% to 218,054 units in April and 13.2% to 279,065 units in March.
Production results for May have yet to be released, Kyodo News said.
The data did not include vehicles sold by subsidiaries Daihatsu and Hino.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataToyota’s domestic production plans are influenced by global demand, as it exported around 60% of 3.41m vehicles made in Japan last year.
The carmaker has said it expects the sales drop due to the coronavirus to have bottomed out in April and that sales will gradually recover to levels seen a year earlier toward the end of this year, Kyodo noted.