Japanese carmaker Toyota is confronting mounting challenges from a global shortage of batteries, a setback that has slowed production of several hybrid electric vehicle (HEV) models. Suphakorn Rattanawaraha, executive vice-president of Lexus Group under Toyota Motor Thailand, acknowledged the strain on supply chains. Despite the shortage, the company recently announced plans to increase global HEV production by 30%, signalling its long-term commitment to electric mobility. Last year Lexus sold 942 units in Thailand, capturing a 3.5% share of the premium car segment. Total premium car sales in the country fell 11% year-on-year to 26,828 units, reflecting cautious spending amid an economic slowdown.

Source: Bangkok Post March 18, 2026 01:23 UTC