Toyota's April global sales rise on stronger demand in Japan, China
Reuters
Published May 30, 2023 12:31AM ET
TOKYO (Reuters) - Toyota Motor (NYSE:TM) Corp's global sales rose by nearly 5% in April from a year earlier, boosted by stronger demand for hybrids and gasoline-powered cars in Japan and China.
The Japanese automaker also reported better overseas sales of battery electric vehicles (EVs), bringing the total number of battery-powered units it sold in the first four months of the year above last year's level.
Toyota in April sold 800,863 vehicles globally, including its luxury Lexus brand, a 4.9% increase compared to the same month last year when sales suffered heavily from pandemic-induced parts supply shortages.
Sales of hybrids like the new Prius in Japan posted a strong 59.2% year-on-year jump to make up just over half of the 125,326 vehicles sold in the company's home market last month, outpacing a 21.5% rise in its overall domestic car sales.
In China, Toyota saw sales jump 46.3% to 162,554 units in April compared to the same month a year earlier, rebounding from the previous year's pandemic-related hit.
In April, the automaker sold 8,584 battery EVs worldwide, including its Lexus brand, accounting for more than 1% of its global sales in a single month for the first time.
That brought the total number of battery-powered vehicles it sold in January-April to 26,057 units, higher than the 24,466 battery EVs the company sold in 2022.
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Written By: Reuters
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