Parts shortages continue to plague Toyota Motor Corporation, as the company announced it will be extending production stoppages in its home market of Japan following disruptions across its Southeast Asia supply chain.
More bad news for Toyota as its ASEAN supply chains are affected by COVID-19 lockdowns
In a report by Reuters, the world’s biggest automaker by production volume cited COVID-19 lockdowns across the region as the reason behind the extended suspensions in its domestic facilities. From 9,000 units, Toyota now projects it will have a backlog of 14,000 vehicles in December, mainly affecting the Land Cruiser line as well as various models across the carmaker’s luxury arm Lexus.
Earlier work stoppages enforced in Malaysia and Vietnam, where Toyota sources its components, have resulted in a lack of parts, impacting production activities in its Japanese factories. Despite Toyota’s plants and suppliers in ASEAN taking thorough quarantine and vaccination measures, it said that maintaining operations continues to be challenging due to the unpredictable spread of COVID-19 infections, adding that it is working to transfer production to other regions.
The automaker is still pursuing a target of 9 million vehicles for the current fiscal year
Nevertheless, the carmaker is committing to an annual worldwide production target of 9 million vehicles for the fiscal year ending March 31, 2022. This is down from the original forecast of 9.3 million
Toyota’s previous estimates pointed to a worldwide production shortfall of 70,000 units for September 2021, with 30,000 of these in the domestic market. In October, it predicted an even bigger global backlog of 330,000 units, of which 150,000 will affect Japanese customers.
Demand for semiconductors across all industries continues to increase, with chips being diverted mainly to smartphones, computers, and gaming consoles for customers forced to stay home due to the pandemic.
Despite the Lexus ES included among production cuts, it still managed to arrive in the Philippines
The Japanese automaker said it is continuously assessing the situation, coordinating with related companies to discuss medium- and long-term efforts to address the issue. Among the measures Toyota is taking is prioritizing models with high demand for production.
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Know more about Toyota
For the local market, Toyota Philippines offers 22 car models. The most affordable of these is the Toyota Wigo hatchback. Toyota also has three sedan models namely the Vios, the Corolla Altis, and the Camry. It then has one entry to the pickup truck segment, the Hilux. For coupes, Toyota Philippines offers two models: the GT 86 and the Supra. The Toyota local SUV segment has four models. These include the Fortuner, Land Cruiser, and Land Cruiser Prado. The Toyota MPV segment for the Philippines has three models: the Avanza, Rush, and the Innova. Then there are two Toyota vans in the Philippine market: the Hiace and the Hiace Super Grandia. For hatchbacks, there's the Wigo, the GR Yaris, Prius, and the Yaris, while the minivan segment then has the Alphard. And lastly, the crossovers sold by Toyota include the Corolla Cross, and the RAV4.
Here at Philkotse.com, we provide the complete Toyota Philippines Price list for 2023, which we update on a monthly basis. Besides that, we also list the latest and hottest car promos ranging from low monthly amortizations, cash discounts, and low downpayments.
For more information about the Toyota Philippines price list for 2023, as well other details regarding the brand, continue below.
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