Unconfirmed reports say that Toyota Motor Corp. expects higher demands in Japan and other Asian markets and that it has raised global production plans by 1% to 7.57 million vehicles for 2010.
Last Tuesday, a source at a group company told Reuters that Toyota had informed suppliers last December that it has plans to make 7.49 million vehicles in the 2010 calendar year.
Toyota also reportedly told these suppliers that they'll be notified of the latest revision later. The source added that Toyota has increased its domestic production plan by 40,000 units due to the spike in demand for fuel-efficient cars in Japan as a result of the government subsidies.
In North America, Toyota was prompted to lower plans by 60,000 units, due to the sales suspension that came about because of the recalls.
However, Toyota said this figure would be more than offset by an upward revision of 100,000 units in non-Japan markets. The new output figure would represent a 19% increase from 2009.
The following vehicles are excluded in this figure: minivehicle unit Daihatsu Motor Co. and truck maker Hino Motors Ltd. The entire auto industry, including Toyota, is expecting to receive double-digit sales increases in China and India even as European government subsidies will soon be running out.