JLR expects chip supply to improve

Tata Motors-owned Jaguar Land Rover expects the semiconductor shortage situation to gradually start recovering in the remaining part of the current financial year.

The British multinational automotive company will continue to take steps to contain the impact of the shortage on its operations across the globe.

“Looking ahead, the supply shortage of semiconductors remains dynamic and difficult to forecast. However, JLR expects to see a gradual recovery starting in the second half of fiscal 2022,” the automaker said in its interim report for the three and six-month period ended September 2021.

While the supply of semiconductors remains constrained, the company will continue to take mitigating actions, including prioritising the production of higher-margin vehicles and closely managing costs , it added.