Toyota Halts Operations in Russia: What Happens to Its Market Share?
- A Small Font
- A Medium Font
- A Bigger Font
Toyota officially ceased operations in Russia on March 4, 2022, due to the war between Russia and Ukraine. Throughout 2021, Toyota sold 97,941 vehicles in Russia.
These sales accounted for 5.9% of the Russian car market share. This placed Toyota only fifth among the largest car manufacturers in the country.
Lada, a Russian domestic car brand, dominated its home market. In 2021, Lada sold 350,714 vehicles, representing 21% of total car sales in Russia.
The South Korean duo, Kia and Hyundai, ranked second and third. Kia sold 205,801 vehicles (12.3%), and Hyundai sold 167,331 (10%). Renault followed in fourth place with sales of 131,552 vehicles (7.9%).
Toyota is not the only car manufacturer to halt operations in Russia. BMW, Mercedes-Benz, Ford, Honda, and General Motors are some other companies that have also ceased operations.
"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."
Related Data
Latest Data Stories
Trending Topics
Popular Data