Toyota’s Nov global vehicle production rises 1.5% to record 833,104

TOKYO: Toyota Motor Corp reported on Monday a 1.5% rise in November global vehicle output, reaching a new record of 833,104.

Domestic production slid 3.3% to 266,174 vehicles, while overseas output rose 3.8% to an all-time high of 566,930 for the month.

Global sales and production in November exceeded last year’s levels due to solid demand, particularly in North America, and a recovery in parts supplies that had been impacted by COVID-19 slowdowns, Toyota said.

The automaker reported earlier this month it expected to produce 700,000 vehicles in January and held to a reduced goal of 9.2 million in the year through March.

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Toyota had previously expected to make 9.7 million autos this fiscal year, but was forced to lower the target in November as it struggles with rising materials costs and a shortage of semiconductors.

That’s still ahead of last year’s production of about 8.6 million units.