Toyota to produce 10.6-M units in 2023

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Toyota announced that the automotive brand is targeting a production volume of 10.6 million units in 2023.

KEY TAKEAWAYS

  • What is the estimated fluctuation rate of Toyota’s production volume in 2023?

    Per Toyota, the estimated fluctuation rate of its 2023 production volume is approximately 10 percent.
  • What reason did Toyota say that may affect its 2023 production plan?

    According to Toyota, its 2023 production plan might be affected due to parts supply shortages.
  • However, the abovementioned figure may still change due to the impact of parts supply shortages. To note, the firm made adjustments to its production plan last April and created plans based on the personnel structures and facility capacities of suppliers.

    On that note, Toyota said that it is setting a baseline production volume with a downward risk fluctuation range of approximately 10 percent. Further, the carmaker said that the said value is intended to communicate production plans to suppliers and other stakeholders as a baseline reference for planning personnel structures and facility capacities.Toyota Japan

     

    “We are sharing this value that incorporates a range as there will be fluctuation risks to our production volume ceiling in the event of impact from parts supply shortages such as semiconductors, as there was in the previous year. We will work closely with our suppliers in advance to reduce the impact of fluctuations as much as possible in our production activities,” Toyota said in a press release.

    Toyota states that its approach to this year’s production plan is to place the highest priority on safety and quality while making every effort to deliver as many vehicles as possible to our customers at the earliest date. To this end, Toyota has engaged in repeated discussions on creating achievable production plans with minimal fluctuation.

    Photos from Toyota

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