Jaguar Land Rover (JLR) proprietor Tata Motors says it’s nonetheless feeling the pressure of the worldwide semiconductor scarcity, however automobile gross sales are recovering after the pandemic.
JLR, which brings in many of the group’s income, noticed gross sales rise 68% year-on-year.
However Tata stated the chip provide scarcity was prone to worsen within the brief time period.
This meant that JLR manufacturing within the subsequent quarter may very well be lower in half, it stated.
Tata’s losses for April to June narrowed to $598m (£432.7m), after a loss of more than $1bn within the earlier three months.
Thierry Bolloré, JLR chief government, stated the surroundings continued to stay “difficult”.
Nonetheless, he added that the agency had seen year-on-year gross sales progress in all areas of the world, “demonstrating the attraction of Jaguar and Land Rover autos”.
In April, JLR briefly halted manufacturing at its two essential factories within the UK due to the dearth of chips.
Different massive carmakers, together with Toyota, Nissan, Common Motors and Ford, have additionally been pressured to chop manufacturing.
The coronavirus disaster has pushed a shift to working, studying and socialising from dwelling, which has boosted demand for laptops and different gadgets that use semiconductors.
That has added to the woes of the worldwide motor business, which was already reeling from the sharp downturn in gross sales attributable to the pandemic and the challenges of switching to electric-powered autos.
In February, Jaguar Land Rover introduced that its Jaguar model can be all-electric by 2025 and that it’ll launch electrical fashions of its whole line-up by 2030.
Carmakers are below stress to satisfy stringent carbon emission calls for in Europe and China, in addition to buyer demand for high-performance electrical automobiles with a luxurious or efficiency really feel.