Toyota's global output hits a record in November, buoyed by solid demand

  • Toyota's vehicle output reflects solid demand in places such as North America, and also reflects the result of Covid rebound from a year earlier.
File photo of Toyota Land Cruiser 300
File photo of Toyota Land Cruiser 300

Toyota Motor has informed that its global output for the month of November has hit a record buoyed by solid consumer demand, though it warned of an uncertain outlook due to a persistent shortage of semiconductors and spikes in Covid cases in China. The company, which is the world's No. 1 automaker, produced 833,104 vehicles last month, an increase of 1.5% from a year earlier. The company's global sales rose 2.9% to 796,484 units.

The vehicle output reflects solid demand in places such as North America, and also reflects the result of rebound from a year earlier when Covid infections in Southeast Asia disrupted supply chains. Though the auto industry is still reeling under the shortages of chips and other car parts, it is bound to also face challenges stemming from the rapid spread of Covid cases across China.

Also check these Cars

Find more Cars
Toyota Fortuner (HT Auto photo)
Engine Icon2755.0 cc FuelType IconMultiple
₹ 33.43 - 51.44 Lakhs
View Offers
Toyota Innova Crysta (HT Auto photo)
Engine Icon2393 cc FuelType IconDiesel
₹ 19.99 - 26.30 Lakhs
View Offers
Hyundai Tucson (HT Auto photo)
Engine Icon1999.0 cc FuelType IconMultiple
₹ 27.70 - 34.54 Lakhs
View Offers
Mg Gloster (HT Auto photo)
Engine Icon1996.0 cc FuelType IconDiesel
₹ 29.98 - 37.28 Lakhs
View Offers
Mg Marvel X (HT Auto photo)
Engine Icon1998 cc FuelType IconDiesel
₹ 30 Lakhs
View Details
Volkswagen Tiguan (HT Auto photo)
Engine Icon1984.0 cc FuelType IconPetrol
₹ 32.79 Lakhs
View Offers

Also Read : Toyota to showcase sustainable tech with complete range at Auto Expo 2023

In early November, the automaker had cut its global production target for the fiscal year through March while sticking with a conservative profit outlook because of chip shortages. Its domestic output for last month declined 3.3% from a year earlier to 266,174 units while its overseas output was up 3.8% to 566,930 units.

Including vehicles assembled by subsidiaries Daihatsu Motor Co. and Hino Motors Ltd., output and sales totaled 982,552 units and 884,112 units, respectively. The company's shares edged up less than 1% as of midday in Tokyo, paring the decline this year to about 13%.

In a separate development, the company's president Akio Toyoda has recently expressed his skepticism about all-electric vehicles. He believes most auto industry people think similarly but never express their disapproval of EV-only strategy. He believes that the silent majority of the auto industry is wondering whether EVs are really okay to have as a single option for electrification, but they don't speak out loud as it is a trend.

First Published Date: 26 Dec 2022, 12:33 PM IST

Please provide your details to get Personalized Offers on

Choose city
+91 | Choose city
Choose city

Want to get the best price for your existing car?

Powered by: Spinny Logo
By clicking "View Offers" you Agree to our Terms and Privacy Policy
Dear Name

Please verify your mobile number.

+91 | Choose city
Couldn't verify the OTP.
It's either expired or it's incorrect.