Toyota global output slows from record as challenges persist

Toyota Motor Corp. produced 771,382 vehicles in October, down from a record of 887,733 the previous month, and warned of an uncertain outlook due to Covid and semiconductor shortages.

By: Bloomberg
| Updated on: 29 Nov 2022, 17:21 PM
Follow us on:
Follow us on:
Toyota Fortuner Legender 4X4 variant
Toyota Fortuner Legender 4X4 variant
Toyota Fortuner Legender 4X4 variant
Toyota Fortuner Legender 4X4 variant

Output was up 23% from October 2021, when supply chains were disrupted by the spread of Covid in Southeast Asia, Toyota said in a statement Tuesday. The world’s biggest automaker is now adjusting some production in China, which is still gripped by the virus and related restrictions.

Toyota’s global sales also rose 23% from a year earlier in October, reaching a total of 832,373 vehicles.

Also Read : Why Toyota is betting bigger on hybrid cars than EVs in India

Similar Products

Find more Cars
Toyota Fortuner (HT Auto photo)
Toyota Fortuner
2694 cc | Petrol | Manual | 10.01 kmpl
₹29.98 - 42.33 Lakhs***Ex-showroom price
Mg Gloster (HT Auto photo)
Mg Gloster
1996 cc | Diesel | Automatic (Torque Converter)
₹29.98 - 37.68 Lakhs***Ex-showroom price
Mg 4 Ev (HT Auto photo)
Mg 4 Ev
| Electric | Automatic
₹30 - 32 Lakhs* *Expected Price
Tata Avinya (HT Auto photo)
Tata Avinya
| Electric | Automatic
₹30 - 60 Lakhs* *Expected Price
Citroen C5 Aircross (HT Auto photo)
Citroen C5 Aircross
1997 cc | Diesel | Automatic (Torque Converter) | 18.6 kmpl
₹30.3 - 32.3 Lakhs***Ex-showroom price
Toyota Glanza (HT Auto photo)
Toyota Glanza
1197 cc | Petrol | Manual | 21.01 kmpl
₹7.18 - 9.45 Lakhs***Ex-showroom price

Including subsidiaries Daihatsu Motor Co. and Hino Motors Ltd., output and sales totaled 924,132 and 918,756 vehicles, respectively, Toyota said.

In early November, the company cut its global target for the fiscal year through March and stuck with a conservative profit outlook.

Toyota shares slipped 1.2% Tuesday in Tokyo. They’re down 4.6% this year.

Separately, Nissan Motor Co. said its global output fell 2.4% from a year earlier to 297,801 units in October, the first decline in four months, while sales dropped 13%. Honda Motor Co.’s global output increased 1.1% to 330,002 units last month versus a year earlier.

First Published Date: 29 Nov 2022, 17:21 PM IST
TAGS: Toyota Nissan
Recommended for you
View all
Shopping Bag Shop Now
55% OFF
SOFTSPUN Microfiber Cloth - 4 pcs - 40x40 cms - 340 GSM Grey- Thick Lint & Streak-Free Multipurpose Cloths - Automotive Microfibre Towels for Car Bike Cleaning Polishing Washing & Detailing
Rs. 269 Rs. 604
73% OFF
pTron Bullet Pro 36W PD Quick Charger, 3 Port Fast Car Charger Adapter - Compatible with All Smartphones & Tablets (Black)
Rs. 349 Rs. 1,299
20% OFF
Involve Your Senses One Musk Organic Car Perfume Bar, Involve Your Senses Strong Fiber Air Freshener to Freshen'up Your Car - IONE01-40 g Car Accessories interior car perfumes and fresheners
Rs. 320 Rs. 399
14% OFF
Jopasu Car Duster
Rs. 749 Rs. 869
65% OFF
ELV Car Mount Adjustable Car Phone Holder Universal Long Arm, Windshield for Smartphones - Black
Rs. 349 Rs. 999
9% OFF
ShineXPro Microfiber Car Cleaning Cloth - OG Soft 500 GSM Extra Large (35x75 cm) Microfiber Cloth for Car and Bike - Suede Edging for Scratchless Drying and Detailing (Pack of 2)
Rs. 499 Rs. 549
68% OFF
ORJILO Super Soft Microfiber Car Duster Exterior with Extendable Handle, Car Brush Duster for Car Cleaning Dusting - Grey
Rs. 319 Rs. 999
7% OFF
Pidilite WD-40, Multipurpose Car care Spray, 420ml Rust Remover, Lubricant, Stain Remover, Powerful Chimney Cleaner, Degreaser, and Bike Chain Cleaner & Chain Lube (341g)
Rs. 347 Rs. 375
65% OFF
Portronics AUTO 12 in-Car Bluetooth Receiver for Handsfree Calling, Music System, Supports All Smartphones (Black)
Rs. 529 Rs. 1,499
61% OFF
HSR Car Accessories in 10PCS/1Set Car Wiper Detergent Effervescent Tablets Washer Auto Windshield Cleaner Glass Wash Cleaning Tablets
Rs. 197 Rs. 499

Please provide your details to get Personalized Offers on

Choose city
+91 | Choose city
Choose city
Choose city
By clicking "View Offers" you Agree to our Terms and Privacy Policy

Dear Name

Please verify your mobile number.

+91 | Choose city