Toyota will consider supporting business partners in the second half of the year without asking for price cuts for procured parts
Toyota Motor has decided to forgo the “price revision” in
the second half of this year, which demands a reduction in the prices of parts
to be procured, because the burden on business partners is increasing due to
soaring raw material prices.
As the prices of energy such as electricity and gas continue
to rise, they also consider supporting our business partners.
Toyota usually carries out “price revisions” twice a year to
request reductions when procuring parts from the manufacturers of their
business partners.
However, at Toyota, considering that the burden on
manufacturers of business partners is increasing due to soaring raw material
prices and production cuts due to the spread of new coronavirus, this “price
revision” will be made for the second half of this year from October.
In addition, the prices of energy such as electricity and
gas continue to rise, and customers are calling for support, so they are considering
effective and realistic support measures.
Toyota says, “when various price hikes become so difficult,
support is inevitable. We would like to carefully grasp the actual situation in
consultation with our business partners and squeeze out specific support
content.”
Source: https://www3.nhk.or.jp/news/html/20220726/k10013735811000.html