Toyota's April-June global vehicle output falls 9.8% short of target

The shortfall is likely to raise fresh questions over whether Toyota can reach its record 9.7 million global vehicle production target for the year ending March 2023

Toyota Motor Corp produced 793,378 vehicles globally in June, it said on Thursday, slightly above a target it had cut twice and capping a quarter that saw the Japanese automaker slip 9.8% behind its production plan, Qazet.az reports accprding to Reuters.

The world's largest automaker by sales has seen its output hit in recent months by the global chips shortage and supply constraints from COVID-related lockdowns in China.

The June numbers represent a 4.6% decline from the same month last year and compared to a goal of 750,000 that had been lowered twice.

For its April-June first quarter, Toyota produced 2,120,577 vehicles, below its initial target of 2,350,000 for the period.