OPEN APP
Home / Companies / Toyota cuts global production plan by 50,000 vehicles in July
Listen to this article

Toyota Motor on Wednesday announced that it will be cutting down its July global production plan by 50,000 vehicles owing to semiconductor shortages and a spike in COVID-19 cases. The company expects to make 800,000 vehicles next month. 

In a press release regarding the same, the Japanese carmaker said, "As it remains difficult to look ahead due to the shortage of semiconductors and the spread of COVID-19, there is a possibility that the production plan may be lower."

Toyota, however, kept its annual global production target of 9.7 million vehicles unchanged.

Subscribe to Mint Newsletters
* Enter a valid email
* Thank you for subscribing to our newsletter.
Close
Recommended For You
×
Edit Profile
Get alerts on WhatsApp
Set Preferences My ReadsFeedbackRedeem a Gift CardLogout