JLR inks tie-ups to ensure semiconductor supplies

Jaguar Land Rover, owned by Tata Motors, is stitching up partnerships to improve semiconductor supplies as it looks to increase sales volumes in the second half of the current financial year. In the September quarter, the brand reported revenue of £5.3 billion and wholesale volumes (excluding the China joint venture) of 75,307 units, up 18 per cent compared with the July-September period of last fiscal. The automaker noted that despite strong demand and a record order book, sales during the second quarter continued to be constrained by the global chip shortage. “Partnership agreements with several semiconductor suppliers, and more in progress, are expected to enable improving volumes in the second half of the financial year ending March 2023 and beyond,” JLR said in its interim report for the second quarter and six-month period ended September 30, 2022. Semiconductor supply continued to restrict production in the quarter but the production of New Range Rover and New Range Rover Sport improved with wholesales of 13,537 units, up from 5,790 in the April-June quarter of the current fiscal. JLR noted that with strong demand continuing, the client order book at the end of the second quarter stood at 2.05 lakh units. The company's three models, the New Range Rover, New Range Rover Sport and Defender account for over 70% of the order book, it added. See also: Hyderabad to get boost for road infrastructureSanta Cruz-Chembur Link Road Extension glitch resolved