According to a report by NHK, citing informed sources, Toyota plans to produce over 10 million vehicles in 2026 at its plants worldwide. This target is nearly a record for the Japanese automaker and reflects a growth trajectory after the company’s historical peak in 2023, when it produced over 10.03 million vehicles. The plan was shared with the company’s suppliers and partners, who have been informed of the ambitious goals despite trade barriers, including tariffs in the US.
The production target includes approximately 3.5 million vehicles to be assembled in Japan, exceeding the company’s previous internal target of 3 million. This increase is significant for preserving jobs and training personnel in Japan. Toyota has also announced investments of up to $10 billion in the US over the next five years, highlighting the strategic importance of the American market for the company’s global production network.
In terms of regional distribution and product mix, demand for Toyota hybrid models remains steady in the US, although a slight drop in demand for fully electric vehicles is expected in the near term. The company aims to support production stability and adapt to rapid changes in the global auto industry, including growing demand for various engine formats and modern technical solutions.
However, analysts point to several risks for the industry, including possible disruptions in semiconductor supply chains and uncertainty regarding demand in key regions, particularly in the Chinese market. Despite these challenges, Toyota is committed to achieving its production target and maintaining its position as a leading global automaker. The company’s plans demonstrate its confidence in its ability to navigate the complexities of the global auto industry and capitalize on emerging trends and technologies. Overall, Toyota’s production target of over 10 million vehicles in 2026 reflects its ambition and commitment to growth, innovation, and customer satisfaction.