Toyota Motor Corporation has decided to raise the price of parts procured from partner manufacturers to a higher level overall in the first half of next year. The aim is to encourage business partners to raise wages and improve the working environment.
Toyota has been receiving feedback from its manufacturing partners that it is difficult to hire staff amid increasing production loads. Toyota says, considering future growth, this kind of response is urgently needed, and we would like to have a ripple effect throughout the supply chain. The specific price, including these "additional charges", will be determined through negotiations with each manufacturer.