# Toyota’s Nov global vehicle production rises 1.5% to record 833,104
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2022-12-26
Category: NEWS
Category URL: https://financedigest.com/category/news
Meta Title: Toyota Reports November Global Vehicle Output Rise
Meta Description: Toyota Motor Corp achieves new highs in global vehicle production amid COVID-19 challenges. Get the latest updates on the automaker's performance.
URL: https://financedigest.com/toyotas-nov-global-vehicle-production-rises-1-5-to-record-833104html

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TOKYO (Reuters) – Toyota Motor Corp reported on Monday a 1.5% rise in November global vehicle output, reaching a new record of 833,104.

Domestic production slid 3.3% to 266,174 vehicles, while overseas output rose 3.8% to an all-time high of 566,930 for the month.

Global sales and production in November exceeded last year’s levels due to solid demand, particularly in North America, and a recovery in parts supplies that had been impacted by COVID-19 slowdowns, Toyota said.

The automaker reported [earlier this month it expected](https://www.financedigest.com/portuguese-airline-tap-swings-to-profit-earlier-than-expected.html "Portuguese airline TAP swings to profit earlier than expected") to produce 700,000 vehicles in January and held to a reduced goal of 9.2 million in the year through March.

Toyota had previously expected to make 9.7 million autos this fiscal year, but was forced to [lower the target in November as it struggles with rising materials costs](https://www.financedigest.com/bmw-bets-on-design-and-recycling-not-mining-to-lower-battery-costs.html "BMW bets on design and recycling, not mining, to lower battery costs") and a shortage of semiconductors.

That’s still ahead of last [year’s production](https://www.financedigest.com/mild-sourness-products-is-expected-to-fuel-growth-of-sour-sugar-market-in-coming-years.html "Mild Sourness Products Is Expected To Fuel Growth Of Sour Sugar Market In Coming Years") of about 8.6 million units.

(Reporting by Rocky Swift; Editing by Muralikumar Anantharaman)


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