Tuesday, 02 January 2024 12:17 GMT

Toyota Motor Reports Record Sales Of 5.54 ,Million Vehicles


(MENAFN- Gulf Times) Toyota Motor Corp. said Wednesday its group companies sold a record 5.54 million vehicles worldwide in the first half of 2025, outperforming German rival Volkswagen AG and likely retaining top spot in global sales for the sixth straight year.
Global sales in the January-June period, including those of its small-car manufacturing unit Daihatsu Motor Co. and truck-making subsidiary Hino Motors Ltd., rose 7.4 % from a year earlier, setting a new group sales record for the first time in four years.
Toyota last saw record first-half global sales of 5.47 million units in 2021, but its sales had since been negatively impacted by a global semiconductor shortage and a production suspension due to a series of certification scandals.
Volkswagen sold 4.41 million vehicles in the same period, up 1.3 % from the year before, according to the German company.
In the first half, Toyota group's domestic sales surged 27.4 % to 1.05 million cars, rebounding from a sharp decline in 2024 after it was found that safety test data had been rigged.
Overseas sales also climbed 3.6 percent to 4.50 million units, a record high, driven by strong demand for hybrid vehicles across the world.

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Gulf Times

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