Toyota Global Hybrid Sales Top 5 Million

Toyota U S A Headquarters exteriors, Torrance, Ca.
Toyota U S A Headquarters exteriors, Torrance, Ca.

Toyota Motor Corp. (NYSE: TM) posted worldwide sales data for the period that ended on March 31, including sales of hybrids, which many analysts believe is the future of the industry. The Japanese car company said of its global hybrid sales:

[C]umulative global sales of its hybrid vehicles topped the 5 million unit mark as of March 31, 2013, reaching 5.125 million units.

Positioning response to environmental issues as a management priority and based on its belief that environment-friendly vehicles can only truly have a positive impact if they are used widely, TMC has endeavored to promote the mass-market adoption of hybrid vehicles.

Last year, hybrid vehicles accounted for 14 percent of TMC's global vehicle sales and 40 percent of its vehicle sales in Japan. As of this month, TMC sells 19 hybrid passenger car models and one plug-in hybrid model in approximately 80 countries and regions around the world, and between now and December 2015, TMC will launch a total of 18 new hybrid vehicles worldwide and is committed to augmenting its product.

Filed under: 24/7 Wall St. Wire, Autos, Retail Tagged: TM