Toyota is planning to increase its production in Russia

Toyota is planning to increase its production in Russia – Toyota is planning to manufacture 35,000 cars in St. Petersburg and 5000 cars in its Vladivostok factories respectively, this year. The relevant statement has been made by the Executive Director of Toyota Motor Europe Didier Leroy. The company manufactured 28,500 automobiles in St. Petersburg in 2012. Accordingly, the production of the company will increase by 22.8% in 2013.

Toyota has set its target in Russian market for this year as: 168-170,000 Toyota and 16,500 Lexus. The company sold 153,000 Toyota and 15,600 Lexus brand vehicles in the country in 2012. In other words, the company is anticipating increase rates of 11% and 5.8% in sales of Toyota and Lexus respectively.

Didier Leroy predicts the volume of Russian automobile market as 3 million vehicles for this year. Leroy has also added that Russia may become the new leader of the European market by the end of the year, in case German market remains at 2.9 million vehicles.

Toyota has been manufacturing Camry in St. Petersburg since 2007. The annual production capacity of the factory is 50,000 vehicles. In addition, Toyota has started to manufacture Land Cruiser Prado in partnership with Sollers and Mitsui & Co. in Vladivostok, in February 2013. The annual production capacity of the facility is 25,000 automobiles.