Toyota Targets Baseline Production Volume of 10.6M Vehicles For 2023; Adds Hint Of Caution

Toyota Motor Corp TM said it could produce up to 10.6 million vehicles in 2023. However, Toyota flagged supply chain crisis issues and the pandemic resurgence.
The production target is vulnerable to a downward risk fluctuation range of approximately 10%.
Also Read: Toyota CEO Reserves Doubts Over Going Solely EV As Industry Remains Largely Tightlipped
Toyota had to make several changes to its production plan due to the parts supply chain crisis.
Last April, Toyota revised production plans to appropriately reflect current realities as part of an "intentional pause" and created plans based on the personnel structures and facility capacities of suppliers.
Also Related: Toyota Again Cuts Production Forecast Citing Supply Chain Woes; Suffers 25% Drop In Q2 Profits
Price Action: TM shares traded higher by 2.68% at $144.06 in the premarket on the last check Tuesday.
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