Tata Motors - JLR Q1 Wholesales Impacted By Chip Shortage: Motilal Oswal
A Tata Motors Ltd. logo sits on glass on the company’s stand on the second day of the 87th Geneva International Motor Show in Geneva, Switzerland. (Photographer: Chris Ratcliffe/Bloomberg)

Tata Motors - JLR Q1 Wholesales Impacted By Chip Shortage: Motilal Oswal

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Motilal Oswal Report

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.

Click on the attachment to read the full report:

Motilal Oswal Tata Motors Company Update.pdf


This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.