Toyota stated it bought 10.5 million automobiles in 2021, together with associates Daihatsu Motors and Hino Motors.
see imagesToyota’s car gross sales grew 10.1% final yr
Japan’s Toyota Motor Co. stated Friday that its car gross sales grew 10.1 % final yr, making it the world’s largest carmaker for the second yr in a row and putting it forward of its nearest rival, Volkswagen AG of Germany. The carmaker stated it bought 10.5 million automobiles in 2021, together with associates Daihatsu Motors and Hino Motors.
That’s 5% lower than in 2020, and its lowest gross sales figures in 10 years, in comparison with the 8.9 million Volkswagen delivered in the identical interval.
Carmakers have been compelled to chop manufacturing as semiconductor shortages disrupted provide chains throughout the coronavirus pandemic, rising competitors for key elements amongst makers of shopper digital units.
However, the Japanese firm has dealt with the pandemic higher than different carmakers as its home market, Japan and components of Asia have been much less affected than Europe.
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Toyota, which launched third-quarter earnings on February 9, has stated it’s more likely to fall in need of its manufacturing goal of 9 million automobiles within the fiscal yr ending March 31, because it faces disruptions linked to COVID-19. motive.
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With inputs from NDTV
