Although car production grew by 9.2 percent year-on-year, it failed to meet the plan to produce 10.1 million vehicles.
Toyota sold more than 10.31 million vehicles worldwide in fiscal year 2023, which is also the most since the company’s existence.
Sales exceeded the previous year by 7.3 percent. According to Toyota, demand was stable in the United States, EU countries and Japan, while sales in China – the world’s largest car market – decreased.
According to Toyota, hybrid gasoline-electric cars are currently in the greatest demand worldwide.
The Japanese company also indicated that it will delay the start of production of electric vehicles (EVs) in the United States from 2025 to 2026, and will also reduce domestic production to ensure product safety and quality, after several scandals caused the group. at your companies.
Recently, Zsombor Varga, Toyota’s domestic PR director, was a guest of the Portfolio Business podcast. Among other things, we asked the automotive specialist about the manufacturer’s past year, the various drivetrain technologies and the company’s plans in Hungary. The interview can be heard on major podcast platforms, for example the on Spotify and that On Apple Podcastsand also here, in the player embedded in the article:
Cover image source: Shutterstock
