Tokyo: Japan’s top automaker, Toyota Motor Corp., said Wednesday its global sales rose 2.7% from a year ago in the three months through March on the back of steady demand in Asia.
Toyota, which is battling U.S. auto giant General Motors Corp. to be the world’s No. 1 carmaker, said strong demand in Europe also supported its worldwide sales.
Toyota’s global sales for the quarter stood at 2.41 million vehicles. The worldwide production expanded 7% from a year earlier to 2.54 million vehicles.
The Japanese carmaker overtook General Motors as the world’s top automaker in global vehicle production last year, but its U.S. rival still retains the top spot in annual global vehicle sales. GM is to release quarterly sales and output data later in the day.
Honda Motor Co., Japan’s No. 2 automaker, said its global production rose 4.5 % from a year ago to 1.02 million vehicles in the January-March quarter.