Dhaka, Feb. 6 -- Toyota Motor raised its full-year operating profit forecast by nearly 9 per cent on Tuesday, after higher sales volumes and a weaker yen boosted its third-quarter results.

The world's top-selling automaker raised its profit forecast for the current year to 4.9 trillion yen ($32.99 billion), versus 4.5 trillion expected previously, reports Reuters. The higher target contrasts with downbeat outlook provided by many of its rivals who have warned of slowing sales growth and announced production cuts this year due to high interest rates and slowing demand for electric vehicles. Toyota's operating profit for the three months to Dec. 31 totalled 1.68 trillion yen, up 75.7 per cent from 956.7 billion yen a year earlier and ...