TOKYO — Toyota reported a 23 % rise in October international automobile output, beating its personal goal for a 3rd month in a row, because the business strives to get previous persistent chip shortages which have hit manufacturing.

The Japanese automaker produced 771,382 autos globally in October, above a downgraded goal of 750,000 models and up 23 % from the identical month a yr earlier, the corporate stated in a press release on Tuesday.

However progress slowed from report month-to-month output of greater than 887,000 automobiles manufactured in September, and Toyota continues to face provide chain disruptions as China battles nationwide COVID-19 outbreaks and implements restrictions and lockdowns.

The corporate stated on Tuesday it was adjusting some operations in China attributable to COVID lockdowns.

Earlier this month Toyota reduce its annual output goal, because it battles surging materials prices and a persistent chip scarcity.

A Toyota govt in command of buying stated on the time that the worldwide auto chip scarcity would proceed, as chipmakers have prioritized provides for electronics items, whereas pure disasters, COVID lockdowns and manufacturing unit disruptions have slowed a restoration in auto chip provides.

Toyota expects to supply 9.2 million autos this fiscal yr ending March 2023, down from the earlier forecast of 9.7 million however nonetheless forward of final monetary yr’s manufacturing of about 8.6 million models.