Lately, Japanese company Toyota Motor Corp overtook German’s Volkswagen in vehicle sales. Toyota position as the world’s top-selling automaker for the first time in five years. The conglomerate said on Thursday its global-wide global sales fell 11.3% to 9.528 million vehicles in 2020 as compared with a 15.2% drop at Volkswagen to 9.305 million vehicles.
The Automotive Industry has suffered as pandemic lockdowns have stopped people from visiting car showrooms on the other hand forced manufacturing plants o reduce or halt production.
This Japanese conglomerate faces pandemic better because the Asian region in general and its home market Japan have been less affected by the outbreak than the United States and Europe. In a recent program, a Toyota spokeswoman said “Our focus is not on what our ranking maybe, but on serving our customers”
The conglomerate has said that the ratio of electric vehicles it sold last year grew to 23% of total sales from 20% in 2019. As demands for the automobile rebounds, mostly in China, Volkswagen, Toyota along with other manufacturers are scrambling to tap growing demands for electric cars.