The company however cautioned that "the broader underlying structural capacity issues will only be resolved as supplier investment in new capacities comes online over the next 12-18 months and so we expect some level of shortages will continue through to the end of the year and beyond." We are taking strong steps to ensure the security of our supply chain for the future, working with our suppliers and chip manufacturers directly to increase the visibility and control over the chip supply for our vehicles.”Īlthough the company is continuing to work to mitigate this, it expects the situation to start improving in the second half of FY-22. “We are working closely with affected suppliers to resolve the issues and minimise the impact on customer orders wherever possible.Post the announcement of retail sales on Tuesday, the share price of Tata Motors took a knock of almost 7.6% to 319.75 around 3 PM.Ĭommenting on the shortage, Thierry Bolloré, Jaguar Land Rover Chief Executive Officer, said, “The present semiconductor supply issues represent a significant near-term challenge for the industry which will take time to work through but we are encouraged by the strong demand we see for when supply recovers. The entire global car industry buys about $37bn (£26bn) worth of chips annually.Ī JLR spokeswoman said: “Like other automotive manufacturers, we are currently experiencing some COVID-19 supply chain disruption, including the global availability of semiconductors, which is having an impact on our production schedules and our ability to meet global demand for some of our vehicles.
“The automotive industry doesn’t count for much in the semiconductors industry,” a source at another car manufacturer told the Guardian. It has also affected cryptocurrency miners who need computer chips to solve puzzles that earn them Bitcoin ( BTC-USD) and other digital assets. Last year Apple ( AAPL), the world’s biggest buyer of semiconductors, was forced to delay the launch of the much-hyped iPhone 12 by two months due to the shortage. The computer chips, also known as semiconductors, are used by companies such as Microsoft ( MSFT) and Sony ( SONY), the makers of the Xbox and PlayStation games consoles, as well as phone manufacturer Samsung ( 005930.KS). WATCH: Jaguar Land Rover to cut 2,000 non-factory jobs globally The chip shortage, which has been steadily worsening since last year, currently spans across the globe and has put pressure on a number of carmakers who are competing directly with tech companies for supply. It has been reported that the shutdown is scheduled to last at least a week, although JLR will continue to monitor its chip supply before committing to a reopening date. The company, which is owned by India’s Tata Motors ( TTM), said it would have a “limited period of non-production” at its plants in Castle Bromwich in the West Midlands and Halewood on Merseyside starting on Monday, according to the Guardian. Jaguar Land Rover (JLR), the UK’s largest car manufacturer, has been plunged into fresh crisis as a shortage of computer chips has caused the company to temporarily shut down production at two of its main plants. Jaguar Land Rover's assembly plant in Castle Bromwich, Birmingham, England, will be shut down temporarily.
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