Toyota's October global output hits record despite supplier accident
29/11/2023 04:30
TOKYO, Nov 29 (Reuters) - Toyota Motor 7203.T said on
Wednesday its October global vehicle production hit a record for
that month, helped by an easing of the semiconductor shortage
and defying the impact of an accident at a supplier facility.
The world's largest automaker by sales said it produced
900,285 vehicles worldwide, up 16.7% from the same period a year
earlier.
Overseas productions hit a record high for a single month,
rising 8.7% at 617,590. Global and overseas sales reached record
highs for the month of October, increasing 7% to 890,241 and
5.2% to 756,245 respectively.
Toyota sold more than 8.46 million vehicles during the fist
10 months of the year, including its luxury Lexus brand.
Toyota last month suspended work at several group factories
in Japan for more than a week due to the accident at valve
spring maker Chuo Spring 5992.T .
Nevertheless, domestic production, which accounted for just
over a third of the vehicles it produced during that month, rose
39.2% year-on-year to 282,695. The automaker credited the
increase to the easing of the chip shortage.
The production disruption is expected to weigh heavily on
Japan's October industrial output data to be announced Thursday,
a Reuters poll showed.
Toyota's sales in Japan grew 17.8% while those in North
America rose 7.4% and Europe's jumped 15.2%.
In China, the world's biggest auto market, Toyota reported a
2.6% decline in production, citing intensifying competition, but
1.5% growth in year-on-year sales.
Meanwhile, output and sales in Thailand and Vietnam fell in
October due to tougher economic conditions.
(Reporting by Satoshi Sugiyama; Editing by Stephen Coates)
((Satoshi.Sugiyama@thomsonreuters.com;))