Toyota's vehicle production up by 8.8% in January, still short of plan

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27/02/2023 04:30

TOKYO, Feb 27 (Reuters) - Toyota Motor Corp  7203.T 
boosted global vehicle production by 9% in January, it said on
Monday, marking its first increase in three months but still
coming short of its plan due to COVID-19-related parts
shortages.
    Toyota, the world's largest automaker by volume, said it
produced 689,090 vehicles globally in January, an 8.8% increase
from the same month last year. That was just short of the
700,000 vehicles it previously said it expected to produce for
the month. 
    That does not include production from its Daihatsu Motor Co
and Hino Motors Ltd  7205.T  units.
    Domestic production rose sharply, increasing by 30% to
211,572 vehicles, it said. Last year's numbers were hit hard by
the chip shortage and COVID-19-related lockdowns.
    Global sales slipped 5.6% to 709,870 vehicles, it said,
reflecting the continued impact of the chip shortage.

 (Reporting by David Dolan
Editing by Chang-Ran Kim)
 ((david.dolan@thomsonreuters.com; +81 3 4563 2708))