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Toyota Sales Stagnate as Factory Woes Compound Low Demand
Mint Hyderabad
|December 26, 2024
Toyota Motor Corp.'s global sales plateaued in November as lackluster demand coalesced with a pause in production at two plants.
Vehicle sales—including that of subsidiaries Daihatsu Motor Co. and Hino Motors Ltd.—totalled 984,348 units last month, the Japanese automaker said Wednesday, down 0.2% versus November 2023. Production declined 9.4% year-on-year to 966,921 units.
While Toyota remains the world's biggest automaker, its business is feeling the strain of intense competition over hybrid gasoline-electric cars in the US and locally made electric vehicles in China. Its hold on markets across Southeast Asia is also being steadily eroded by Chinese competitors.
Esta historia es de la edición December 26, 2024 de Mint Hyderabad.
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