Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

Toyota Motors has chalked out plans to gradually increase its car production volumes in July to offset the decline in demand during COVID-19 related lockdowns in Japan.


The company said ina press release on Monday that it had previously shutdown its facilities for 133 days in terms of total workhours. In June, the company noted, its plants were operating at 60pc capacity. 


In May and June, the Japanese carmaker said, its production was suspended for 25 production lines at 14 plants. For July, this number could decrease to six lines at three plants with the rest resuming at full capacity. 


The company said that the shutdown will not hinder its goal to produce three million cars this year. In July, the carmaker plans to work at 90pc capacity at its Japanese facilities with only 16 days of shift reduction in workhours.


With global demand for high mobility vehicles (HMVs) increasing, Toyota is prioritizing production at its Hamura plant in Tokyo and Tahara plant in Aichi, Japan. These plants produce models like the Land Cruiser Prado, FJ Cruiser and 4Runner. The Tahara plant will also improve the production rate for Toyota’s sub-brand Lexus. 

Leave a Reply

Your email address will not be published.