Jul 26, 2021
Jaguar Land Rover owner Tata Motors feels chip shortage strain
Jaguar Land Rover owner Tata Motors says it is still feeling the strain of the global semiconductor shortage, but car sales are recovering after the pandemic. JLR, which brings in most of the group's revenue, saw sales rise 68% year-on-year. Thierry Bolloré, JLR chief executive, said the environment continued to remain "Challenging". In April, JLR temporarily halted production at its two main factories in the UK because of the lack of chips. In February, Jaguar Land Rover announced that its Jaguar brand would be all-electric by 2025 and that it will launch electric models of its entire line-up by 2030.Carmakers are under pressure to meet stringent carbon emission demands in Europe and China, as well as customer demand for high-performance electric cars with a luxury or performance feel.
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