Toyota eyes 20% global sales growth in 2012

Dec 22, 2011 |

TOKYO

Tags:

Japan
Toyota

Japan's biggest carmaker Toyota expects a 20 per cent growth in global sales in 2012 after a dismal 2011 on the domestic front when the march 11 earthquake and tsunami hit demand.

The automaker expects to sell 8.48 million units globally in 2012, and plans to boost global production by almost a quarter to a record 8.65 million vehicles, focusing more on emerging markets, the company said.

A statement said the firm would look to further increase its global output to 8.98 million in 2013.

A turbulent 2011, in which the global economic slowdown also dragged, is expected to show domestic sales plunged 19 percent across the group -- including subsidiaries Daihatsu and Hino -- with a 24 percent fall in sales of the Toyota brand alone.

Worldwide group sales are expected to show a six percent fall for the year, the company said.

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