Toyota to produce 10.6 million cars globally in 2023, biggest output

Toyota Motor Corp. said Monday it aims to produce as many as 10.6 million vehicles in 2023, which could be its highest output.

The Japanese auto giant added, however, that the final figure could be as much as 10 percent lower due to potential disruptions in the supply of parts.

Toyota set the target to make it easier for its suppliers and other stakeholders to make plans regarding the required manpower and equipment capacity.

In 2019, Toyota produced over 9.1 million units, its biggest annual output.

In 2022, it manufactured nearly 8.3 million cars in the January-November period and announced its plan to manufacture 750,000 units in December.