Toyota Motor (TM) informed suppliers it plans to increase its 2025 global production to 10 million vehicles backed by strong hybrid sales trends despite US tariff impact concerns, Nikkei Asia reported Friday.
The Japanese automaker's new production roadmap is up from a prior target of 9.9 million vehicles that was communicated to suppliers in January, according to the report.
Toyota's new plan involves manufacturing almost 3.3 million vehicles in Japan, according to the media outlet. The carmaker expects to manufacture 10.2 million vehicles globally in 2026 and around 10.5 million in 2027, the report said.
Toyota Motor didn't immediately respond to a request for comment from MT Newswires.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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