Toyota’s output and sales hit records in the financial year that ended in March, on strong demand and as semiconductor supply problems eased.

Global sales, including at Daihatsu and Hino, increased 5% from a year earlier to 11.1 million units, according to data released Thursday. That’s the first time they’ve exceeded 10 million.

Production rose 4.5% to 11.2 million units on robust demand in North America, Europe and India. Output was firm in Japan as well, despite a temporary halt in shipments in the latter half of the year after Daihatsu was found to have been manipulating crash safety test results for more than 30 years.

Toyota’s sales in China increased 1.4%, contrasting with the struggles faced by some Japanese peers amid the growing popularity of local carmaker BYD.

The world’s largest carmaker sold 116,654 battery electric cars between April 2023 and March 2024. Sales and output at the main Toyota brand and its luxury marque Lexus were up 7.3% and 9.2%, respectively.

The company’s robust full-year performance was in line with rivals. Honda said worldwide sales rose 12% to 4.1 million units, while output was up 7.8% to 4.1 million units. Nissan sales climbed about 9% to 3.4 million units, with the firm making 3.4 million units, up 3.9% from a year earlier.

Still, carmakers faced a broad slowdown in March. Toyota’s global sales were down 7.4% from a year earlier to 941,222 units, due to declines in countries including Thailand and Indonesia. Output was 15.9% lower at 886,136 units.

Honda said sales increased marginally in March but production was down 19%. Nissan’s global output fell 20%.

Meanwhile, Toyota said it is moving ahead with plans to manufacture and sell more electric vehicles in the United States by investing $1.4 billion at a plant in Indiana, the Japanese carmaker’s second such announcement this year.

The Princeton, Indiana, facility that currently makes four gas and hybrid models will add an unnamed all-electric, three-row SUV to its lineup, the company said Thursday in a statement. It follows Toyota’s disclosure in February of plans to spend $1.3 billion at a factory in Kentucky to make a separate three-row, fully electric SUV.

Both vehicles will use lithium-ion batteries supplied by a new plant being built by the automaker in North Carolina, which is expected to start production in 2025.

Toyota has been slower than other major carmakers to embrace EVs, preferring to spread its bets by selling popular hybrid gas-electric powered models. The decision to manufacture EVs in the U.S. is part of its efforts to maintain compliance with toughening U.S. emissions standards. Toyota also wants to stay competitive with rivals’ EVs that benefit from U.S. government subsidies favoring local production.

The automaker currently sells two EVs in the U.S., the bZ4X and Lexus RZ 450e, and both are manufactured in Japan. While sales of hybrids made up about 29% of Toyota’s U.S. sales last year, deliveries of its EVs have been tepid amid a global slowdown in demand.

The automaker didn’t help itself by stumbling with the bZ4X rollout: The vehicle was temporarily pulled from the market after its launch in 2022 due to a defect that could cause its wheels to fall off.