Toyota Motor informed major suppliers by Tuesday that it intends to reduce global output to around 700,000 vehicles for next month, down a little more than 10% from original plans, Trend reports citing Nikkei.
The move comes amid supply chain instability fueled by situation in Ukraine and a resurgence in coronavirus cases in areas such as China. The new total would be just above the 670,000 vehicles Toyota manufactured last May.
This reduction goes a step beyond global production cuts for this quarter announced in March. The Japanese automaker had expected to turn out an average of about 800,000 vehicles monthly in the three months through June.
Overseas production will be lowered by 100,000 vehicles to a total of around 500,000, while domestic production is set to drop slightly to 200,000 vehicles.
Toyota has made last-minute changes to production plans provided to suppliers on several occasions since mid-2021. It typically tries to make such revisions as early as possible to reduce the burden on suppliers. An official decision will be made within the month.
Further adjustments could be on the table depending on Toyota's ability to procure components.