December 9, 2023

Toyota Motor Corp TM mentioned its whole international manufacturing elevated 4.3% in August to 924,509 automobiles, together with subsidiaries Daihatsu Motor Co and Hino Motors Ltd.

The automaker cited a restoration from the affect of semiconductor shortages as the rationale for elevated gross sales and manufacturing.

Worldwide gross sales, together with subsidiaries, grew 9.4% to 923,180 items.

For Toyota, August’s international manufacturing rose 4.1% to 798,771 automobiles, and gross sales improved 9.8% to 853,285 automobiles.

Yr-to-date, whole gross sales elevated 5.9% to 7.26 million automobiles, and manufacturing shot up 9.5% to 7.47 million items.

Additionally, Toyota is reportedly planning to construct a 3rd automotive plant in India to broaden manufacturing capability, in response to a report from Reuters.

The report added that the corporate goals for the plant to begin with a capability of 80,000-120,000 automobiles a 12 months and broaden to 200,000 over time.

Value Motion: TM shares closed increased by 1.05% at $182.39 on Wednesday.

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