Automaker Toyota on Thursday announced record sales and production for the 2022 fiscal year, which ended March 31, after mitigating the impact of semiconductor shortages and a surge in demand.
Japanese company sales increased by 1%recording a registration 9,609,782 units.
In terms of total group sales, which include the Hino and Daihatsu subsidiaries, sales increased 1.7% year-on-year to 10,558,007 units.
Toyota attributed the sales performance in the last fiscal year mainly to “strong demand focused on Asia“, which managed to offset the impact of the reduction in production associated with the spread of the Covid-19 pandemic and the high demand for chipshe said in a statement.
Record production figures were also recorded, both for Toyota and for the group as a whole.
Toyota produced 9,130,247 vehicles, up 6.5%, while the combined production of Toyota, Hino and Daihatsu rose 6.6% to 10,729,298 units.
This increase was strongly influenced by the increased vehicle production of the Toyota group outside Japan, which grew by 9.7% to a record of 6,940,705 units.
Toyota attributed this development to “further optimization of production capacity in North America and Asia, a recovery following component supply shortages associated with the spread of Covid-19 the previous year, and other factors.”
Toyota vehicle production in Japan, hit by the lingering effects of semiconductor shortages, rose 0.9% to 2,786,801 units, up from 2.76 million units in fiscal 2021, when it bottomed out. in 45 years.
Toyota maintains the goal of producing about three million vehicles a year in Japan.
Fiscal year 2022 was Toyota’s last under the leadership of Akio Toyoda. The businessman, a descendant of the company’s founder, was replaced as president and executive director on April 1 by Koji Sato, former president of Lexus International, who advocates a change in the company, towards a greater commitment to electric vehicles and business diversification.
Source: Observadora
