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Toyota's Taiwan dealer sees no impact from Thai floods until Q1

Toyota's Taiwan dealer sees no impact from Thai floods until Q1

Taipei, Nov. 7 (CNA) Hotai Motor Co., the Taiwan dealer of Toyota Motor Corp., predicted Monday that Thai floods will not have an impact on its supply chain before the end of the first quarter of next year. The impact will not become clear until then because only a small part of Hotai's components come from Thailand, Hotai Public Relations Manager Yu Shiao-chung told CNA by telephone. If it were to face component shortages, Hotai would obtain the parts from other suppliers, he added. Meanwhile, although the component shortage caused by the flooding has led Toyota to suspend some of its car production in Thailand, Hotai's local component partners expect no increase in orders from the company to fill its shortfall in supply, Yu said. They may be too busy at home to help. Yu said Hotai is "optimistic about the local market in the fourth quarter, so our contract suppliers are expected to reach almost full capacity in the period to meet demand." Earlier Monday, the Chinese-language Apple Daily reported that the car production capacity of Toyota's factories in Thailand will fall 30 percent in November, representing a loss of 100,000 vehicles. It would be the biggest production loss for the Japanese car maker since the March 11 earthquake devastated its supply chain in Japan, the paper said. Hotai is Taiwan's biggest car vendor, leading the industry in market share for the past five months. It had a 36.2 market share in October, when it sold 11,303 cars. For the industry as a whole, 314,970 cars were sold in Taiwan in the first 10 months of year. (By Jeffrey Wu)


Updated : 2021-05-07 11:57 GMT+08:00