Toyota keeps crown as world's top-selling automaker in 2023

Toyota Motor, opens new tab sold a record 11.2 million vehicles in 2023, it said on Tuesday, taking the crown as the world's top-selling automaker for a fourth straight year. The Japanese automaker reported a 7.2 per cent jump in global group sales last year, including those of truck unit Hino Motors (7205.T), opening new tab and small-car maker Daihatsu, helped by record overseas sales of 8.9 million vehicles.

Second-ranked German rival Volkswagen Group <VOWG_p.DE> earlier this month reported a 12 per cent rise in deliveries last year to 9.2 million cars, marking a post-pandemic recovery as supply chain bottlenecks eased.

Sales of Toyota's parent-only vehicles, which include those of its namesake and Lexus brands, hit a record of 10.3 million vehicles in 2023. Gasoline-electric hybrids made up about a third of those. Battery-electric vehicles accounted for less than 1 per cent.