As part of its 2023 production plan, Toyota has set a production volume ceiling of 10.6 million units.

However, due to the uncertainty of parts supply shortages, the company has also set a baseline production volume with a downward risk fluctuation range of approximately 10%.

This value serves as a reference for planning personnel structures and facility capacities for suppliers.

Toyota, a leading automaker, regrets to inform its customers and stakeholders that its production plans have been affected by the ongoing COVID-19 pandemic and the shortage of critical parts such as semiconductors.

These adjustments have caused inconvenience to those who have been waiting for the delivery of vehicles.

In light of the current challenges, Toyota has made necessary changes to its production plans and implemented an “intentional pause” to align its plans with reality.

The company has also engaged in discussions with its suppliers to minimize the impact of fluctuations in production and ensure the safety and quality of its vehicles.

Despite the ongoing challenges, Toyota remains committed to delivering as many vehicles as possible to its customers at the earliest date.

The company will continue to closely monitor parts supplies and supplier situations to create more stable production plans and reduce supplier burdens.

Toyota will also consider all possible measures to ensure that it can meet the demands of its customers.