(MENAFN- Trend News Agency) Toyota Motor Corp sold 10.5 million vehicles in 2022, it said on
Monday, defending its title as the world's top-selling automaker
for a third straight year, trend reports with reference to reuters .
Global sales for the group, including truck unit Hino Motors and
small-car maker Daihatsu, inched down 0.1% as record overseas sales
of 8.6 million vehicles helped offset a 9.6% dip in its home market
to 1.9 million.
Second-ranked rival Volkswagen Group earlier this month reported
its lowest sales in over a decade, of 8.3 million vehicles, as
COVID-19 lockdowns in China and the war in Ukraine upended supply
chains.
While some chip-related supply constraints remained for Toyota
as well, the Japanese automaker said strong demand in Asia and an
increase in the production capacity and optimisation in Asia and
North America helped it boost global production by 5% in 2022.
Toyota in November revised its production forecast for the
current financial year through the end of March, to 9.2 million
vehicles from 9.7 million.
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