The Japanese automaker Toyota Motor announced a significant increase in global vehicle production for the current fiscal year. According to the company, it plans to increase the production of automobiles by 10% compared to the previous fiscal year, which was a record high for the company. The main driver of high growth rates was the strong segment of commercial vehicles, including light trucks, buses, and global passenger cars.
The main driver of growth was high sales and increased demand for commercial vehicles and global passenger cars. The company operates effective operational efficiency and positive trends in regional markets, including Asia and Europe. At the same time, certain figures by region are not disclosed.
**"Production growth in SEA confirms the confidence of Toyota's management in our regional strategy and strengthens our commitment to the long-term development plans of the company," said the President of Toyota, commenting on this.
The planned production dynamics will allow to increase the production volume of electric vehicles in the near future, while maintaining the modernization of the production lines of electric vehicles and the expansion of the electric vehicle fleet."
