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.
This story is from the December 26, 2024 edition of Mint Chennai.
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This story is from the December 26, 2024 edition of Mint Chennai.
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