Toyota Stocks Rise on Production Recovery Expectations

    Japanese automobile giants Toyota Motor share prices rose on news that the carmakers have set higher production targets in November. The highest level of production set in recent times has brought cheers to investors despite the underlying shortage in the supply chain of parts. 

    According to news in Bloomberg, the company plans to manufacture between 850,000 to 900,000 cars next month. 

    The earlier plans to make 1 million cars were shelved due to the spares supply chain getting hit by the covid pandemic in Southeast Asia. Compared to 828,066 units in November 2020 and 773,551 in November 2019, the next month’s target is clearly the highest in the last three years.   

    The easing of covid restrictions in Southeast Asia coupled with lower than anticipated production cuts in September and October has boosted the company’s efforts to touch 900,000 production targets. Toyota is maintaining this target for the 12 months ending in March 2022.  

    Toshihide Kinoshita, an analyst with SMBC Nikko Securities, is of the view that the production output looks normal in November, given the positive trends in the earlier month. The company seems to be on track with its production.

    Monday morning, early trading saw the Toyota shares rise by 3.4 %, the most significant jump in intraday since October 8. This stock is already seen a 28% growth in 2021 alone.  

    With increased production plans till March 22 and improving parts supply, it looks like that the yearly target will be made up as per an analyst with Citi Research. The next fiscal year could see Toyota reach its original target of 1 million cars per month. 

    According to the Toyotas Purchasing group Chief, Kazunari Kumakura, the worst is over, and they are visualizing lower risks. 


    RELATED ARTICLES

    online jobs for students

    Online Jobs for Students: Best ways to Earn Money & Build Skills 

    Balancing academics and price range can be challenging for college students, but online jobs offer...
    Best Trading Apps to Open a Demat Account

    Best Trading Apps to Open a Demat Account: Features & Fees

    Investing in the stock market has become more accessible than ever with trading apps that...
    5 Mistakes to Avoid for Choosing the Best Share Market App

    5 Mistakes to Avoid for Choosing the Best Share Market App

    Investing in the Indian share market is now easier than ever in the current digital...
    Wheon.com finance tips

    Wheon.com finance tips of 2025: What’s Changing and Why It Matters

    The financial world never stands still, and 2025 is no exception. This year, we’ve witnessed...
    wheon.com finance tips

    Wheon.com Finance Tips: Top Financial Services Trends of 2025

    Wheon.com finance tips are more important than ever, given how fast money matters are changing....
    Smart Gifting Strategies - How to Gift Annuities While Minimizing Tax Impact

    Smart Gifting Strategies – How to Gift Annuities While Minimizing Tax Impact

    For individuals who are fortunate enough to have more savings than they need for retirement,...
    What is a Yoga Swing

    What is a Yoga Swing?

    A yoga swing is a fabric hammock or collection of straps that hold your body...
    healthy habits

    Healthy Habits For Your 20s: A Handbook for Long-Term Health

    Your 20s are a transformative decade, shaping your destiny, health, career, relationships, and overall well-being...
    how to make Studio Ghibli-style images

    How to Make Studio Ghibli-Style Images for Free: Learn Here 

    Studio Ghibli’s signature artwork fashion—lush backgrounds, whimsical characters, and problematic information—has captivated audiences for many...
    well health organic best ways to remove dark spots on face

    Well Health Organic Best Ways to Remove Dark Spots on Face: Natural Ways to Banish Dark Spots

    Well health organic best ways to remove dark spots on face"—that's what when you typed...
    wellhealthorganic.com : neem and aloe vera juice

    Wellhealthorganic.com : Neem Aloe Benefits – Learn The Hack and Thrive! 

    Wellhealthorganic.com : neem and aloe vera juice is a simple, natural mix that can really...