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Toyota, in a news release on Wednesday, stated that it was able to continue corporate activities through the comprehensive implementation of various infection prevention measures and by working with partners including suppliers and dealers and focusing on “doing what should be done.”
The company enjoyed favour from customers enabling them to limit the year-on-year decline in sales and production to less than 10 percent in FY2021.
Additionally, Toyota has maintained domestic production at the 3-million-unit level.
Global Sales
Global sales in FY2021 were down 4.0 percent, driven primarily by sales in China, North America, and Japan.
In China, sales of new models including Corolla, Levin, RAV4, and Wildlander, as well as Lexus brand vehicles, were strong, and sales were up 29.6 percent year-on-year.
Global sales were up 19.1 percent year-on-year in the January to March quarter, exceeding initial expectations.
Initial expectations were that sales would be up approximately 10 percent in the January to March quarter (at the time of announcement of third-quarter results), the car maker said in the press statement.
Global Production
Global production in FY2021 was down 6.4 percent year-on-year. Production in China was up 30.9 percent year-on-year.
Global production in January to March quarter was up 13.8 percent and has remained solid since April.
The global ratio of electrified vehicle sales increased from approximately 20 percent in FY2020 to approximately 24 percent in FY2021. The increase was driven primarily by sales in Europe, China, and North America.
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