ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Toyota output to fall short of annual target of 9m vehicles

COVID-19 surge in Southeast Asia dents chip supplies, slowing rebound

Toyota will suspend vehicle production at its Miyata plant in Fukuoka Prefecture. (Photo by Shinya Sawai)

NAGOYA -- Toyota Motor's annual vehicle output will fall below the latest target of 9 million for the fiscal year ending March, as the chip shortage in Southeast Asia takes a further toll, the automaker announced on Tuesday.

Output is expected to surpass the 8.18 million units Toyota produced last year. But a series of output cuts since autumn has made it difficult for the carmaker to reach the latest target, set in September, when it trimmed its annual global production target for the current fiscal year from 9.3 million to 9 million cars.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more