Toyota to boost production to lower waiting periods
Toyota currently has an order backlog of over 1,20,000 units. The waiting period for some of the models has risen to 18 months.
According to a media report, Toyota is planning to increase production by 20-30%. The carmaker is likely to double its output to over 3,20,000 units in the current fiscal.
Toyota currently has an order backlog of over 1,20,000 units, resulting in long waiting periods. The carmaker has decided to start a third shift at its Bidadi factory near Bangalore next month. This should boost production from 380 units per day to 510 units, resulting in an overall rise in annual production capacity from 3,20,000 units to 4,00,000 units.
The waiting period for some Toyota models has risen to 18 months. It even prompted Toyota to halt bookings for the top variant of the Innova Hycross.
It is said that Toyota had also planned to stop production of the Innova Crysta, but due to a shortage of semiconductor chips for the Innova Hycross, it decided to continue the model till the end of FY2024. That being said, the re-introduction of the Innova Crysta has received a positive response from the market and hence the carmaker is now likely to continue selling the MPV till FY2025.
The Toyota factory at Bidadi is also manufacturing the Maruti Suzuki Grand Vitara since its launch. With over 1,40,000 bookings, the SUV has a waiting period of 3-6 months.
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