(Adds company comment, background, share price)
* Plans to raise production to 70 pct above initial target
* Says will boost output to 5,000 cars/month
* Shares up 1.1 pct in early trade, vs flat Nikkei benchmark
TOKYO, June 7 Toyota Motor Corp plans
to increase monthly production of its Prius hybrid wagon to 70
percent above its initial target by around August or September,
the Nikkei business daily reported.
Orders have been coming in faster than expected since Prius
Alpha, the first of an extended family of Prius models planned
by Toyota, made its debut May 13, the paper said.
Toyota will boost output to 5,000 vehicles per month from
3,000, the Nikkei reported, to shorten customer waiting time.
The wagon comes in a two-row, five-seat version and a three-row,
A company spokesman declined to comment on the report.
Toyota first unveiled the extended Prius family at the
Detroit auto show in January, announcing plans to begin selling
the five-seat version, to be called the Prius v in North
America, this summer. The three-row model will go on sale in
Europe in mid-2012, under the name Prius+. [ID:nN10285824]
Toyota, the pioneer in hybrid technology, has a goal of
selling at least 1 million hybrid vehicles globally a year by
mid-decade. It plans to offer the hybrid option across its
entire line-up by 2020.
Shares of Toyota were up 1.1 pct at 3,250 yen in early
morning trade in Tokyo, while the benchmark Nikkei average
(Reporting by James Topham in Tokyo and Soham Chatterjee in
Bangalore; Editing by Vinu Pilakkott)