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Toyota faces hybrid supply shortages amid soaring demand and production challenges

Soaring demand for Toyota's gasoline-electric hybrids has led to significant supply chain challenges, resulting in extended wait times for customers across major markets. With global hybrid sales nearly tripling in five years, Toyota is working to boost production capacity while facing component shortages, particularly in magnets and inverters. Competitors like Hyundai and Honda are also struggling to meet hybrid demand, highlighting the growing popularity of these vehicles amid a competitive landscape.
Arab News Japan
United States Dollar Japanese Yen Indian Rupee Chinese Yuan Toyota Motor Corp Hyundai Mobis Co.,Ltd Aisin Corp DENSO CORP. R Mahindra & Mahindra Ltd Honda Motor Co., Ltd. USA KOR CHN JPN IND Rakesh Kumar Saugata Dasgupta Varinder Wadhwa Show more
Business & Industry, Market Report
09:17 31.03.2025

toyota faces supply challenges as hybrid demand surges globally

Soaring demand for Toyota's gasoline-electric hybrids has led to significant supply chain challenges, resulting in lengthy wait times for buyers across major markets. In Europe, customers face delays of 60 to 70 days, while in Japan, waits range from two to five months. The automaker is working to boost production and alleviate bottlenecks caused by shortages of key components, including magnets and inverters.
Arab News Japan
United States Dollar Japanese Yen Indian Rupee Chinese Yuan Toyota Motor Corp Hyundai Mobis Co.,Ltd Aisin Corp Mahindra & Mahindra Ltd Denso Corp Honda Motor Co., Ltd. DEU USA KOR CHN JPN IND Rakesh Kumar Saugata Dasgupta Varinder Wadhwa Show more
Business & Industry, News Article
07:56 31.03.2025
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