Toyota to build over 10m vehicles for first time this year

Japanese automaker aims for record amid easing parts shortage

20230830N Toyota factory

An assembly line at Toyota Motor's Iwate plant in northern Japan. The Japanese automaker aims to make at least 3 million vehicles at home. (Photo by Konosuke Urata)

KAZUHIRO NOGUCHI, Nikkei staff writer

NAGOYA, Japan -- Toyota Motor seeks to shatter its production record this year, aiming to manufacture 10.2 million vehicles globally, the Nikkei has learned, and cross the eight-figure milestone for the first time.

The carmaker has set a target to produce about 3.4 million Toyota and Lexus brand vehicles in Japan and roughly 6.8 million units overseas, for increases of 30% and nearly 10%, respectively, from last year.

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