Toyota Motor Corp (7203.T) just exceeded its aim of 9.1 million cars in the financial year that ended in March as factory interruptions from global chip supply concerns and pandemic lockdowns eased.

The world’s largest carmaker by sales said predicting the long-term chip shortage’s effects was hard.

On Thursday, Toyota said that it produced 9.13 million vehicles in the 12 months to March 31, ahead of its target, which was trimmed twice from 9.7 million due to industry disruption.

Last year, 8.57 million automobiles were made.

In March, 9.61 million cars were sold globally, up from 9.51 million the year before.

Sales and production goals for the April-started business year were not disclosed.

In the first three months of 2023, it sold 17,473 battery electric automobiles (EVs), including Lexus models.

Toyota sold 24,466 battery EVs worldwide in 2022.

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Hi, I'm Sidney Schevchenko and I'm a business writer with a knack for finding compelling stories in the world of commerce. Whether it's the latest merger or a small business success story, I have a keen eye for detail and a passion for telling stories that matter.

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