Jan 26, 2021 (Nikkei) - Toyota Motor is on track to produce about 8.25 million vehicles worldwide for the year ending in March, largely sticking to its previous forecast even though a global semiconductor shortage has disrupted the auto industry in recent weeks, Nikkei learned Monday.
The automaker released a forecast in November with that figure, a 6% decrease from fiscal 2019 for its Toyota and Lexus brands.
An updated plan for the January-April period shows the automaker is not expecting any significant changes to these numbers.
A chip shortage caused by the coronavirus pandemic has forced many automakers around the world to reduce production in recent weeks. Toyota is facing cutbacks on some models in the U.S., China and France. Still, it plans to offset these cuts by boosting production of models unaffected by the chip crunch. The automaker expects a net production cut of about 2,000 vehicles, a small fraction of its overall output.
Toyota experienced a plunge in production due to the coronavirus earlier this fiscal year, with output in some months falling 50% year on year. But the numbers have been recovering since the summer
Japanese production is estimated to come in around 2.95 million vehicles.
