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

Toyota plans to make record 11m cars in fiscal year starting April

Target calls for 20% rise in output as automaker bets on chip crunch easing

Toyota's plan to make a record 11 million vehicles in fiscal 2022 starting in April suggests the Japanese automaker anticipates a strong recovery in the global auto market.   © Reuters

NAGOYA -- Toyota Motor plans to make 11 million vehicles worldwide in the 2022 fiscal year starting in April, an increase of around 20% from the current fiscal year and a record, Nikkei has learned.

The plan suggests the Japanese automaker anticipates a strong recovery in a global auto market that has been held in check by a shortage of key components amid the COVID-19 pandemic.

Sponsored Content

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

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