Automotive giant Toyota continues to struggle with an ongoing semiconductor chip shortage, and its latest plan to address this is by reducing the number of smart keys from two to one for certain new vehicles.
Those buying new units of at least 14 Toyota models will be covered by the policy
As reported by Japanese newspaper Asahi Shimbun, Toyota announced on October 27 that it will issue one smart key and a standard mechanical key to Japanese buyers of 14 models. These include the new Crown, Camry, Prius, bZ4X, Harrier, C-HR, Alphard, Vellfire, Noah, Voxy, Land Cruiser, Prado, and GranAce. The policy also covers nine Lexus models, including the ES and LS.
The figure rises to 25 Toyota models and 12 Lexus models when vehicles sold in overseas markets are included. This is reportedly the first time Toyota has had to resort to such a measure.
Typically, automakers give two electronic key fobs when customers take delivery of a new unit. These allow them to lock and unlock the vehicle remotely, and each fob contains a standard physical key that can be used for emergencies.
Even certain Lexus models are affected
Under Toyota’s new policy, buyers will still get two physical keys, but only one will come with a remote key fob. Toyota is positioning this as a quick fix to expedite deliveries of new units to customers, as some models are projected to take several years before orders are fulfilled.
“As the shortage of semiconductors continues, this is a provisional measure aimed at delivering cars to customers as quickly as possible,” the company said in a statement, apologizing to affected customers and adding that the second smart key will be handed over as soon as it is ready.
Toyota reports that its quarterly profits plunged significantly as of September 2022, totaling 434 billion yen (around Php 173 billion) compared to 627 billion yen (almost Php 250 billion) in the same period last year. The slump was attributed to the ongoing chip shortage that offset foreign exchange gains stemming from a weaker yen.
The company is uncertain as to when the chip shortage affecting its production facilities will end
While Toyota purchasing group chief Kazunari Kumakura believes that the automaker has hurdled the worst phase, there are still parts shortages to contend with. “I don’t know when the chip shortage will be resolved,” he said.
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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.
Joseph Paolo Estabillo
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