Toyota misses April worldwide production target

TOKYO: Toyota Motor Corp. of Japan said on Monday that it missed its April worldwide production target because of COVID-19 outbreaks and a material shortage, which hindered the company’s post-pandemic recovery.

Last month, the world’s largest carmaker by sales manufactured 692,259 vehicles, down 9.1% from the same month the previous year and falling short of a previous target of 750,000 vehicles globally.

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The figures raise concerns about the severity of the pandemic’s supply chain disruption and how it may influence output in the following months.

Due to the consequence of COVID-19 containment measures in China, Toyota cut its worldwide production plan for June to about 800,000 vehicles last week, signalling the potential of decreasing its full-year output plan of 9.7 million vehicles.

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On Monday, the carmaker said that global sales fell 11.1 percent in April compared to the same month a year ago, to 763,708 units.

Domestic sales fell nearly 17% to 103,143 automobiles, excluding Daihatsu and Hino Motors Ltd (7205.T) vehicles.

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