11 new vehicle models to be launched during the medium-term plan period

「Concentrate management resources on the ASEAN and off-road product groups, where our group can best leverage its strengths, and launch 13 models over the 6 years through fiscal 2031.」

「As customer demands for vehicles, including vehicle intelligence, have become more sophisticated, development workloads have increased, causing some delays in the launch of new models scheduled under the Medium-Term Business Plan. We will nevertheless continue strengthening our strategic ASEAN models.」

「While focusing on optimizing production and inventory, the Company has been rolling out the new Triton and new Xforce sequentially in line with the plan.」

「1. Target sales volume of 1.1 million units and operating profit of ¥220 billion (operating margin of 7%) 2. Launch of 16 models over the next 5 years, including 9 electric vehicle models」

「Going forward, all variants, including the Xpander HEV and the top-grade Triton model, which is less affected by stricter loan screening, will be launched sequentially. We will regard this as an opportunity and work to increase sales. Sales promotion for the Xforce, whose deliveries began in earnest at the end of 2023, will be pursued by strengthening promotional activities centered on event marketing while continuing to emphasize its value.」

「We also began launching the Delica Mini in May, the new Triton in July and the new Xforce in August, and preparations for entering a growth phase are progressing.」

「Since full-scale sales began on 25 May, the Delica Mini has maintained strong orders from advance reservations, far exceeding our expectations, with orders already surpassing 20,000 units.」

「In addition to the new Outlander PHEV model and Eclipse Cross PHEV model, we expanded our lineup of electric vehicles, an area of strength, with the kei-class eK X EV and, from November, the Minicab-MiEV, for which general sales resumed. Orders for all models remained strong.」

「The eK X EV, for which we began full-scale sales in June, made a strong start, with orders exceeding 6,500 units by the second quarter.」

「Against this backdrop, sales in the first quarter were solid, as the new Outlander PHEV model and eK X EV performed well and production delays improved more than expected.」

「In addition to the strong reception for the new Xpander launched in November, sales of commercial models remained firm, supported by solid resource prices and demand for the transportation of consumer goods. The PHEV model of the new Outlander, which went on sale on 16 December amid high expectations, also got off to a strong start.」

「In North America, demand remained firm owing to the progress of vaccinations in the United States and government stimulus payments. The new “Outlander,” which went on sale in April, led sales, and dealer retail sales recovered to the level of the first half of fiscal 2019.」

「The Company's performance improved substantially year on year, owing to a significant improvement in profitability resulting from the successful launch of the new Outlander in North America and the continued effects of structural reforms implemented since the previous fiscal year.」

「In December 2020, we launched the new “Eclipse Cross,” a crossover SUV with a newly added PHEV model. It has received high acclaim from various quarters, and with customer interest in electric vehicles growing, it has made a strong start.」

「The main new products launched from April 2019 through March 2020 were as follows. ① The new Pajero Sport ② The new Xpander Cross ③ The new eK X Space and eK Space」

「The Xpander continued to perform strongly in the ASEAN region, while in Japan, the new kei cars eK Wagon and eK X and the new Delica D:5 each drove sales.」

「The main new products launched from April 2018 through March 2019 were as follows. 1. The new Triton/L200 1-ton pickup truck, which marked its 40th anniversary, was launched. 2. The new all-round minivan Delica D:5 (D-five) was launched. 3. The new high-roof wagon models eK Wagon and eK X were launched.」

「Despite being at the end of its model cycle, the Triton pickup truck maintained strong sales, particularly in Thailand, while the new Triton announced in Thailand in November 2018 was also very well received.」

「Local production of the compact SUV Eclipse Cross began on Tuesday, 6 November. Sales are scheduled to begin in late November.」

「The main new products launched from April 2017 through March 2018 were as follows. 1. The next-generation crossover MPV Xpander was launched. 2. The new compact SUV Eclipse Cross was launched.」

「The new compact SUV Eclipse Cross also got off to a strong start in Europe, with expansion into Oceania, North America and Japan progressing as well, and is expected to contribute to future sales.」

「During the plan period, the Company will launch 11 new vehicle models. Of these, 6 will be new models or full model changes, with 2 models scheduled for launch each year.」