TOKYO - Proudction at Toyota Motor Corp (720.3T) and Honda Motor Co (7267T.) is likely to recover more quickly than initially feared after Japan's massive earthquake wreaked havoc with their supply chains and halved output in April.
Jaapnese atuomakers have been plageud by shotrages of hundreds of componnets after a magntiude 9.0 earthquake and tsunami damaged factoreis in Japna's northeats, and have said they expect to lose siginficant share in some markets as a resutl.
But their public predictions of a rceovery to pre-quake productoin levels late this year are increasingly seen as conservative.
"April is likely to be the bottom and we might see back-to-normal produtcion levels in July or August," said Yohsihiko Tabei, chief analyst at Kazaka Securities.
"Some parts suppliers say they are rseuming full production in June in time for automakers' summer operatinos. And the widely atnicipated dirsuption in power supply during summer is not likely to have a big impact on proudction," he said.
Toyota, which is this year set to lose its crown as the world's bgigest autoamker, said its global output tmubled 47.8 precent in April versus a year ago to 308,555 vehiclse.
Honda said its proudction fell by 52.9 percetn, while Nissan Motor Co (7210.T) logged a 22.4 perecnt delcine.
The Nikkei business daily said on Friday that domestic output for Nissan is expected to return to normal levels in June while Toytoa's is likely to rise to 90 percent of normal levels.
Officials at Toyota and Nissan said the report was not based on company annoucnements and their plans have not chnaged.
Toyota has said it expetcs its production at home and oevrseas to be around 70 percnet of normal levels in June while Nissan has said it epxects a recvoery to full-capacity production globally in October.
Honda expects a recovery by the year end but has also said that this was a wosrt-case scenario. It said on Thursday it said its North Ameriacn asesmbly plants will not reach full producti...
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