Toyota must build 1 million cars in March to hit annual target

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Toyota tried to ramp up production in the final months of the business year to make up for lost output earlier due to a shortage of components from factories in Southeast Asia hit by lockdown restrictions of COVID-19.



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Toyota Motor Corp will build 700,000 vehicles worldwide in February, up 10% year-on-year

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Toyota Motor Corp will build 700,000 vehicles globally in February, up 10% year on year, but will still need to manufacture a million more in March to hit an annual production target of 9 million, the Nikkei business daily reported. .

A Toyota spokesman declined to comment when asked about the Nikkei report or whether the Japanese automaker plans to stick to that production target for the year ending March 31.

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The world’s largest automaker tried to increase production in the final months of the business year to make up for lost output earlier due to a shortage of components from factories in Southeast Asia affected by COVID-19 lockdown restrictions.

Toyota and other automakers have been forced to cut production even as demand in key markets such as China has rebounded.

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