Toyota Motor Corp is going to put lots more Hybrid and Prius cars into the world soon.
The company plans to double its global production of hybrid vehicles in about two years, positioning such fuel-sipping cars as a core profit earner, a report said on Monday.
The automaker recently notified parts suppliers that it intends to roll out about 800,000 hybrids domestically this year, with the figure to be raised to around 900,000 in 2011 and 1.1 million in 2012, it has been reported.
Last year’s output was estimated to be around 500,000, it said without citing sources.
Toyota also plans to sell an additional 10 new hybrid models from minivans, subcompacts to luxury cars within a few years, on top of its current lineups such as the Prius, Sai and Lexus HS250h.
The world’s biggest automaker now makes about 90 per cent of its hybrids in Japan.
In 2011, hybrids will likely account for about 30 per cent of all vehicles that Toyota manufactures in Japan, up from the projected figure of about 20
per cent for 2009.
Toyota’s petrol-electric Prius was the bestselling car in Japan last year, becoming the first hybrid to top the annual rankings, while the sales almost tripled from the previous year.