Toyota Motor Corp's Executive Vice President Yasumori Ihara, who made the comments during a news conference at the Beijing auto show, did not give a specific time frame for the target.
In 2013, Toyota sold 917,000 vehicles in China, up 9 per cent from a year earlier, recovering from a sales plunge after September 2012 due to a diplomatic row between Japan and China over a set of isles. Its market share was at around 5 per cent.
If Toyota is able to hit its sales target of 1.1 million vehicles or more this year, it would meet the objective of selling 1 million vehicles a year in China four years later than initially planned.
Toyota operates joint ventures in China with China FAW Group Corp and Guangzhou Automobile Group.
Source:
economictimes.indiatimes.com
BEIJING: Toyota aims to double auto sales in China to around 2 million vehicles a year in the future, a senior executive said on Sunday, as the top global car maker plays catchup to rivals, such as Volkswagen, in the world's largest auto market.
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