Toyota Motor Corp. has set a global production target of more than 10 million units for 2026, including its Lexus brand. The goal aims to meet steady demand for hybrid models in the U.S. and European markets. It seeks to maintain levels close to the 2023 record of 10.03 million units.
Toyota Motor Corp. has established a global production target exceeding 10 million units for 2026, encompassing its Lexus brand, sources indicate. This ambition is driven by the need to fulfill consistent demand for hybrid vehicles in the U.S. and European markets, while holding steady near the 2023 peak of 10.03 million units.
Domestic production is planned at around 3.5 million units, with the strategy shared among select suppliers. Although U.S. output expansion was anticipated amid American tariff policies, Japan's internal production is projected to surpass 3 million units for the fourth straight year—a threshold vital for sustaining local jobs and technical proficiency.
Following a pandemic-induced dip to 7.9 million units in 2020, Toyota's worldwide output has rebounded. The company anticipates surpassing 10 million units again in 2025.