Toyota on track to smash its annual production record – report

Toyota could be the first car-maker to build more than 10 million vehicles with its badges in a single calendar year.

According to a report from news outlet Nikkei Asia, Toyota is on track to manufacture 10.2 million vehicles globally in 2023 – marking the first time a brand has reached the eight-figure milestone.

At the start of the year, the Japanese car giant had predicted it would produce between 9.5 million and 10.6 million cars in 2023.

Toyota reportedly told its suppliers it plans to accelerate production between August and December, with the aim of manufacturing 900,000 vehicles each month.

While some estimates show Toyota as having built more than 10 million cars annually from 2013, these figures include Daihatsu and Hino vehicles under the Toyota umbrella – both of which are separate businesses owned by Toyota.

MORE: Lexus breaks annual Australian sales record with four months to go

Excluding Daihatsu and Hino trucks, Toyota and its luxury offshoot Lexus have so far only managed to manufacture a little over 9 million vehicles combined over a calendar year, reaching that number in 2019.

It comes as Lexus Australia celebrates 10,000 new-car sales for the first time locally – breaking its own record of 9612 vehicles sold – with a further four months to go before the end of the year.

Last week, Toyota was forced to halt production at all 14 of its Japanese factories due to a software glitch, delaying the production of more than 13,000 vehicles.