Toyota, the leading Japan-based automotive manufacturer, has reportedly warned its customers in Japan that they will have to face a four-year wait for the delivery of the new Land Cruiser SUV.
While the world’s biggest carmaker has said that the supply chain crisis or the global shortage in chips has not caused the delay, it has refused to comment about the reasons behind it.
Additionally, Toyota also stated that it will be slowing down production in almost 11 of its plants throughout the country because of the increasing cases of Covid-19 infections among workers and parts suppliers.
In a statement issued on its website, Toyota apologized that it is taking longer than the expected time for the delivery of the Land Cruiser, which it said has become popular not only in Japan but across the globe as well.
It stated that there is a possibility that the delivery could take up to four years if an order is placed now, adding that the company will continue to try and shorten the delivery time, adding that the delay is not related to the ongoing semiconductor shortage or the issues of the supply chain.
It is speculated that there has been a high demand for the new Land Cruiser model and that Toyota is contemplating a move to increase production in the medium and long-term.
The first Toyota Land Cruiser model was launched in 1951 and has remained the longest-selling vehicle of Toyota.
The group has now been forced to cut down its vehicle production, like rivals General Motors, Ford, Nissan, Daimler, BMW, and Renault, in recent months following the pandemic and the shortage in supply and production of semiconductors.
Toyota stated that its Southeast-Asian factories, which manufacture components, have also faced disruptions due to the pandemic, causing a delay in the production of its Land Cruiser and Lexus models.
In September, the company had stated that it will lower the global production of its vehicles by 40% due to the chip shortage, also extending the stoppages of some of its Japanese factories last month.
Source credit: https://www.bbc.com/news/business-60078594