HONG KONG (MarketWatch) -- Toyota Motor Corp. said Wednesday worldwide sales at its groups companies climbed 2.7% in the January-to-March quarter, helped by growing demand in emerging markets such as China and the Middle East.
Toyota /zigman2/quotes/203803129/delayed JP:7203 +2.29% /zigman2/quotes/200537742/composite TM +2.95% , which ranks behind General Motors Corp. /zigman2/quotes/205226835/composite GM +1.01% as the worlds' No. 1 carmaker by output, said combined sales at its affiliated brands totaled 2.41 million vehicles in the quarter, up from 2.35 million vehicles a year earlier.
The sales figures include those from subsidiary brands Daihatsu Motor Co. and Hino Motors /zigman2/quotes/209422954/delayed JP:7205 +3.04% .
Excluding figures for those brands, Toyota's monthly domestic sales in March decline 6.1% to 202,500 vehicles while exports climbed 4% to 251,900 vehicles. Overseas production for March climbed 4.3% to 395,700 vehicles, the 75th straight month of increases, Toyota said in a statement. More global coverage.
Toyota's combined worldwide production climbed 1.3% to 874,700 vehicles in March.
Toyota's shares fell 1.7% in Wednesday trading on the Tokyo Stock Exchange. See Asia Markets.