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Toyota falls behind global production target for 4 months

Toyota Motor's global vehicle production target for July fell 8.6 percent compared to the same period last year.

Toyota falls behind global production target for 4 months

The supply shortage of semiconductor chips and the problem of parts supply caused by Kovid-19, as well as bad weather conditions in the country, adversely affect the Japanese manufacturer.

According to the company's statement, Toyota's global vehicle production target last month decreased by 8.6 percent compared to July 2021.

Accordingly, the Japanese company, which aims to produce 800 thousand vehicles in July, produced 706 thousand 547 vehicles on a global basis in this period.

Toyota's vehicle production target has not been met for the last 4 months, covering the 2022 fiscal year, which started in April.

The manufacturer, which expects parts supply problems to ease in September, aims to produce approximately 850 thousand vehicles next month.

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