Marque’s vehicle output of the past four months is 10.3 per cent behind its initial plan.
Toyota has missed its production target for the fourth straight month after global vehicle production in July fell 8.6 per cent year-on-year.
The Japanese carmaker’s output has been in recent months by Covid-19 outbreaks, severe weather in Japan, a recall probe and the ongoing semi-conductor shortage.
Toyota produced 706,547 vehicles worldwide last month, below its goal of around 800,000 units and the 773,135 manufactured in July 2021.
Production in the first four months of the current fiscal year, which began in April, has fallen 10.3 per cent short of the company’s initial plan, reports Reuters.
It means the marque may have to consider dropping its annual production goal of 9.7 million vehicles.
However, executives recently said the company was sticking to its annual target as it planned to raise production levels through November, depending on supplies of parts and personnel.