Toyota plans ‘global production target’ of 9.9 mn vehicles in 2013

Toyota plans ‘global production target’ of 9.9 mn vehicles in 2013 Tokyo: Japanese car maker Toyota is reportedly planning to set its group global production target at around 9.9 million vehicles for 2013.

The firm will, however, shelve a plan to achieve annual production of more than 10 million units for next year.

According to sources, the move will come as it expects sluggish sales of Japanese vehicles to continue in China due to the Senkaku territorial dispute.

Toyota nevertheless expects growth in its car sales in North America and Southeast Asia, the Japan Times quoted sources, as saying.

According to the report, the firm had earlier announced plans to produce a record 10.05 million vehicles this year.

But it lowered the target in November to 9.89 million, in part due to shrinking demand in Japan following the end of government subsidies for buying environmentally friendly cars, the report said.

ANI