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.

Read More: Toyota buys rest of renewable energy company for $1.5 billion

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.

Read More: Toyota Pakistan increasing the Car prices again

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.

For the latest Business News Follow BOL News on Google News. Read more on Latest Business News on oldsite.bolnews.com

Also Read

Toyota Announces Another Surprising Price Increase for Imported Vehicles

Toyota Indus Motor Company (IMC), like Kia Motors, has raised the prices...