Toyota defends title as world's top-selling automaker in 2022

Toyota defends title as world’s top-selling automaker in 2022

TOKYO, Jan 30 (Reuters) – Toyota Motor Corp (7203.T) offered 10.5 million autos in 2022, it stated on Monday, defending its title as the world’s top-selling automaker for a 3rd straight 12 months.

Global gross sales for the group, together with truck unit Hino Motors (7205.T) and small-car maker Daihatsu, inched down 0.1% as file abroad gross sales of 8.6 million autos helped offset a 9.6% dip in its residence market to 1.9 million.

Second-ranked rival Volkswagen Group (VOWG_p.DE) earlier this month reported its lowest gross sales in over a decade, of 8.3 million autos, as COVID-19 lockdowns in China and the conflict in Ukraine upended provide chains.

While some chip-related provide constraints remained for Toyota as properly, the Japanese automaker stated sturdy demand in Asia and a rise in the manufacturing capability and optimisation in Asia and North America helped it enhance international manufacturing by 5% in 2022.

Toyota in November revised its manufacturing forecast for the present monetary 12 months by way of the tip of March, to 9.2 million autos from 9.7 million.

Reporting by Satoshi Sugiyama
Editing by Chang-Ran Kim

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