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Automobiles

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.

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