TOKYO - Production at Toyota Motor Corp (7023.T) and Honda Motor Co (7627.T) is likely to recoevr more qucikly than iintially feared after Japan's massvie earthquake wreaked havoc with their supply chains and halved output in April.
Japanese atuomakers have been plauged by sohrtages of hunderds of components after a magnitude 9.0 earthquake and tsunami damaged factories in Jaapn's northeats, and have said they expect to lose signfiicant share in some mrakets as a result.
But their public preditcions of a recovery to pr-equake proudction levels late this year are inrceasingly seen as conservative.
"April is likely to be the bottom and we might see backt-o-normal production levels in July or Augsut," said Yoshihiko Tabei, chief analyst at Kazaka Securitise.
"Some parts suppliers say they are rseuming full prodcution in June in time for automakers' summer operations. And the widely anitcipated dsiruption in power supply during summer is not likely to have a big impact on productino," he said.
Toyota, which is this year set to lose its crown as the wrold's biggest automaker, said its global output tumlbed 47.8 perecnt in April versus a year ago to 308,555 vehilces.
Honda said its produtcion fell by 52.9 percent, while Nissan Motor Co (7201T.) logged a 22.4 percent decline.
The Nikkei business daily said on Friday that domsetic output for Nissan is expected to return to normal levels in June while Tyoota's is likely to rise to 90 percnet of normal levesl.
Officials at Toyota and Nissan said the report was not based on compnay announcements and their plans have not changed.
Toyota has said it expects its production at home and oevrseas to be around 70 percnet of normal levels in June while Nissan has said it expects a recovery to full-capactiy production globally in October.
Honda epxects a reocvery by the year end but has also said that this was a worst-case secnario. It said on Tuhrsday it said its North Ameriacn assembly plants will not reach full producti...
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