Skip to content
Business
Hyperdrive

JLR Owner Sees Chips, Inflation Weighing After Surprise Loss

  • Tata Motors’s quarterly revenue slips 11%, misses expectations
  • China lockdowns likely to subdue the June quarter: JLR
Updated on
From

Jaguar Land Rover expects the global semiconductor shortage to persist into 2023, after the scarcity cut into sales and pushed its Indian owner into an unexpected quarterly loss.

Parent Tata Motors Ltd., as well as its British luxury JLR unit, plan to increase prices in order to offset some of the expected rise in costs, Chief Financial Officer P.B. Balaji said Thursday, declining to offer more details. The protracted issues in sourcing enough chips and rising inflation are the company’s biggest concerns, he said.