TOKYO (Dow Jones)--Toyota Motor Corp. (7203.TO) said Wednesday its domestic production in March fell 1.1% on year to 388,094 vehicles, declining for the first time in three months.
Toyota said its group companies posted worldwide sales of 2.41 million vehicles in January-March, up 2.7% on year, as strong sales in emerging markets like China and the Middle East offset sluggish sales in the U.S., Europe and Japan. Toyota is in a tight contest with General Motors Corp. /zigman2/quotes/205226835/composite GM +1.06% for the top spot in the auto industry in terms of global sales.
Toyota's group sales figures include vehicles sold by its two subsidiaries - Daihatsu Motor Co. (7672.TO) and Hino Motors (7205.TO) Ltd.
Toyota's domestic sales declined 6.1% to 202,516 vehicles, while its exports grew 4.0 % to 251,890 vehicles. Its overseas production was up 4.3% at 395,707 vehicles.
In March, Toyota produced 51,815 vehicles in China, up 41.2% on year.
Nissan Motor Co. (7201.TO) said the same day that its production in Japan rose 27.2% on year to 139,420 vehicles in March, lifted by production of the Rogue and the X-Trail sport utility models and other vehicles for export.
Nissan's exports jumped 52.0% to 73,825 vehicles. Its overseas production declined 13.1% to 173,029 vehicles due to lower output volumes in the U.S., Mexico and Spain.
In China, Nissan's production in the month rose 36.9% to 37,187 vehicles.
Mitsubishi Motors Corp. (7211.TO) said its domestic production increased 8.5% on year to 93,558 vehicles in the month, posting the 18th consecutive month of growth. Its exports grew 25.0% to 74,787 vehicles as it shipped more vehicles to markets such as Russia and China.
(END) Dow Jones Newswires
April 23, 2008 01:42 ET (05:42 GMT)