<p>Japan's Toyota Motor Co said on Friday its vehicle sales rose by 10.1 per cent last year, making it the world's biggest carmaker for a second straight year and putting it ahead of its nearest rival, Germany's Volkswagen AG.</p>.<p>The carmaker sold 10.5 million vehicles in 2021, including those by affiliates Daihatsu Motors and Hino Motors, against 8.9 million delivered by Volkswagen in the same period, 5 per cent fewer than in 2020 and its lowest sales figures in 10 years.</p>.<p><strong>Also Read — <a href="https://www.deccanherald.com/business/tvs-takes-75-stake-in-swiss-e-bike-firm-for-100-m-1075330.html" target="_blank">TVS takes 75% stake in Swiss e-bike firm for $100 mn</a></strong></p>.<p>Carmakers have been forced to cut outputs because a shortage of semiconductors during the coronavirus pandemic disrupted supply chains, boosting competition for the key component among makers of consumer electronic devices.</p>.<p>However, the Japanese company has weathered the pandemic better than most other carmakers because its home market, Japan, and parts of Asia, have been less affected than Europe.</p>.<p>Toyota, which releases third-quarter earnings on Feb 9, has said it is likely to fall short of a production target of 9 million vehicles in the business year that ends on March 31 because of disruptions linked to Covid-19.</p>.<p><strong>Watch the latest DH Videos here:</strong></p>
<p>Japan's Toyota Motor Co said on Friday its vehicle sales rose by 10.1 per cent last year, making it the world's biggest carmaker for a second straight year and putting it ahead of its nearest rival, Germany's Volkswagen AG.</p>.<p>The carmaker sold 10.5 million vehicles in 2021, including those by affiliates Daihatsu Motors and Hino Motors, against 8.9 million delivered by Volkswagen in the same period, 5 per cent fewer than in 2020 and its lowest sales figures in 10 years.</p>.<p><strong>Also Read — <a href="https://www.deccanherald.com/business/tvs-takes-75-stake-in-swiss-e-bike-firm-for-100-m-1075330.html" target="_blank">TVS takes 75% stake in Swiss e-bike firm for $100 mn</a></strong></p>.<p>Carmakers have been forced to cut outputs because a shortage of semiconductors during the coronavirus pandemic disrupted supply chains, boosting competition for the key component among makers of consumer electronic devices.</p>.<p>However, the Japanese company has weathered the pandemic better than most other carmakers because its home market, Japan, and parts of Asia, have been less affected than Europe.</p>.<p>Toyota, which releases third-quarter earnings on Feb 9, has said it is likely to fall short of a production target of 9 million vehicles in the business year that ends on March 31 because of disruptions linked to Covid-19.</p>.<p><strong>Watch the latest DH Videos here:</strong></p>