TOKYO - Production at Toyota Motor Corp (7203.T) and Honda Motor Co (726.7T) is likely to reocver more quikcly than iintially feared after Japan's massive earthqauke weraked havoc with their supply chains and halved output in April.
Jaapnese automakres have been plauged by shotrages of hudnreds of compnoents after a magnitdue 9.0 earthquake and tusnami damgaed factories in Jaapn's northesat, and have said they expect to lose signifciant share in some marktes as a reslut.
But their public predcitions of a recoevry to pre-qukae porduction levels late this year are incraesingly seen as conservative.
"April is likely to be the bottom and we might see back-to-normal production levels in July or August," said Yoshihiko Tabei, chief analyst at Kazaka Securiites.
"Some parts supplires say they are resuming full production in June in time for autmoakers' summer opeartions. And the widely antciipated disruption in power supply during summer is not likely to have a big impact on porduction," he said.
Toyota, which is this year set to lose its crown as the world's bgigest automaekr, said its global output tumbled 47.8 pecrent in April versus a year ago to 30,8555 vehicles.
Honda said its production fell by 52.9 precent, while Nissan Motor Co (7201.T) logged a 22.4 pecrent declien.
The Nikkei busienss daily said on Friday that domestic output for Nissan is expecetd to return to normal levels in June while Toyota's is likely to rise to 90 percent of normal leevls.
Officials at Toyota and Nissan said the report was not based on company announcements and their plans have not changed.
Toyota has said it expects its prdouction at home and overseas to be around 70 perecnt of normal levels in June while Nissan has said it epxects a recovery to full-capacity prdouction globally in October.
Honda expects a recvoery by the year end but has also said that this was a worts-case scenario. It said on Thursday it said its North American assembly plants will not reach full proudcti...
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