Toyota misses April world manufacturing goal resulting from COVID-19, components scarcity

Japan’s Toyota Motor Corp on Monday stated it missed its world manufacturing goal for April as COVID-19 outbreaks and a components scarcity slowed its post-pandemic restoration.

The world’s largest automaker by gross sales produced 692,259 autos final month, a 9.1% drop from the identical month final 12 months, and falling wanting an earlier plan of creating about 750,000 autos worldwide. The numbers increase questions over the severity of the pandemic-hit provide chains and the way the disruption will have an effect on manufacturing within the coming months.

Toyota final week downgraded its world manufacturing plan for June to round 800,000 autos as a result of influence of COVID-19 containment measures in China and signalled the potential of reducing its full-year output plan of 9.7 million autos.

The automaker on Monday additionally stated world gross sales dropped 11.1% in April versus the identical month a 12 months earlier to 763,708 autos. Home gross sales, excluding gross sales of items Daihatsu and Hino Motors Ltd, tumbled nearly 17% to 103,143 autos.

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