The car giant said that it saw a downside risk of about 10% on that baseline production volume – a value which did not constitute a formal production target for this calendar year – on risks such as shortages in chips supply or the spread of COVID-19.
The purpose of disclosing the baseline figure was to make it easier for suppliers to draw up management plans, a Toyota executive said.
Toyota last month maintained a production forecast of 9.2 million vehicles for this fiscal year, which runs through March from April 2022.
In November, it had lowered a previous projection of producing 9.7 million vehicles this fiscal year due to the fallout from rising material costs and the persistent semiconductor shortage.
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