Tata JLR: According to a report on Friday, Jaguar Land Rover, which is owned by Tata Motors, is reducing production at its UK factories until March 2023 as a result of the ongoing chip shortage problem.
As per reports The automaker, whose CEO Thierry Bolloré announced his resignation last week, has chosen to reduce output at its Halewood and Solihull factories between January and the end of March in an effort to focus on its most lucrative models.
Also Read: KIA: Has the automobile manufacturer made a mistake with its new logo? What you don’t know
Why is the company cutting down production?
Since the beginning of 2021, JLR and other automakers have struggled with chip shortages. The performance of JLR is crucial for Tata Motors because it accounts for about 60% of the firm’s operating revenue.
As per a source, The largest automaker in the UK, JLR, announced a record order book of more than 205,000 vehicles in November. However, the chip shortage has complicated JLR’s efforts to ramp up production of new versions of its Range Rover and Range Rover Sport, both made in Solihull, as well as its Defender, made in Slovakia.
Tata JLR going electric
In line with an electrification strategy that JLR unveiled last year, all Jaguar vehicles will be entirely electric by 2024, and all of the company’s vehicles, including Land Rovers, will come with an electric option.
JLR has been losing money for the past 18 months, but Bolloré stated his belief that the supply of semiconductors would improve in the upcoming months when the company’s most recent financial figures were presented in November.
Keep watching our YouTube Channel ‘DNP INDIA’. Also, please subscribe and follow us on FACEBOOK, INSTAGRAM, and TWITTER.
