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Tata Motors Ltd.’s Jaguar Land Rover’s retails grew 68% YoY to ~124, 500 in Q1 FY22, with Land Rover/Jaguar growing 72.5%/55%.
Wholesales stood at 84,442 units (excluding China joint venture), up 72.6% YoY.
However, this was ~30,000 units lower (~27%) than what otherwise would have been planned as a result of semiconductor supply constraints and the impact of Covid-19, although this reduction had been broadly anticipated.
Based on recent inputs from suppliers, the chip supply shortages in Q2 are expected to be greater than that in Q1 FY22, potentially resulting in ~50% lower wholesale volumes than planned.
It expects the situation to start to improve in H2 FY22.
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