TECH - Toyota Reports Record Global Sales And Production As Chip Woes Recede | Benzinga
Toyota Motor Corporation (OTC:TOYOF) has reported a significant year-on-year increase in its global sales and production for the first half of FY2024, attributing this rise to the easing of semiconductor shortages.
According to a Monday announcement, the Japanese auto giant experienced record highs in both sales and production from April to September 2023. Toyota recorded worldwide sales of 5,596,183 vehicles, while production stood at 5,738,126 during the period.
This surge is a testament to the company’s improved production capacity across all regions and its effective response to robust demand.
Compared to the previous year, which saw the global market grappling with the impact of the COVID-19 pandemic and semiconductor shortages, Toyota’s performance in the first half of FY2024 has far exceeded expectations.
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