Home Business Toyota forecasts 20pc Kenya sales decline on chip shortage

Toyota forecasts 20pc Kenya sales decline on chip shortage

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Business Daily | by Bonface Otieno


Toyota dealer CFAO Motors Kenya has cut its annual sales target by 20 percent or 748 units this year due to a semiconductor chip shortage that will see it reduce vehicle production.

The company projects it will sell 3,000 vehicles in the year to December, down from 3,748 units it recorded last year, citing an inability to meet demand…

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