Toyota Motor Corp plans to produce about 10.3 million vehicles globally in 2024, breaking its record annual production for the second consecutive year, the Nikkei reported.
Toyota is preparing to increase production thanks to strong sales of hybrid vehicles. The shortage of automotive semiconductors and other components is also easing, the Nikkei says.
For the calendar year to December, the world's biggest automaker by sales aims to produce 3.4 million vehicles in Japan and 6.9 million overseas, the report said. The figures include its luxury Lexus brand.
The report was not something the company had announced, a Toyota spokesperson said without commenting further.
Toyota will target an annual output of over 10.5 million vehicles, Nikkei says. It added that the company set electric vehicle production levels at approximately 250 000 vehicles in 2024 and 600 000 units in 2025.
Toyota produced 9.2 million vehicles during the first 11 months of 2023, it said last month. Around a third of the vehicles it sold worldwide over that period were gasoline-electric hybrids.
Ahead of the 2026 State of the Nation Address (SONA), Zero Carbon Charge (CHARGE) has once again called on the President and national government to act decisively on South Africa’s electric vehicle transition.
Hyundai Springfield Park has been named Dealer of the Year at the 2026 Hyundai Automotive South Africa Dealer Conference, held at Sun City.
Volkswagen Commercial Vehicles is re-entering the growing urban delivery market with the launch of the Vivo Xpress which will be available for sale from February 2026.
Advertisement
Advertisement
Have you ever noticed that anybody driving slower than you is an idiot, and anyone going faster than you is a maniac?
George Carlin
There is a profound realignment in consumer expectations, brand positioning and technological priorities, with Germany losing long held advantages in its domestic market while China rapidly moves up the value chain.
Over the past weekend, reports surfaced of a letter sent by Martina Biene, chairperson and managing director of Volkswagen Group Africa (VWGA), to President Cyril Ramaphosa warning of the increasingly precarious position of South Africa’s automotive sector.
On 20 February 2026, at the Phillip Island Grand Prix Circuit in Australia, the new WorldSBK season roars to life, promising one of the most dynamic championships in recent memory.
