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Tata Motors Drops 10% As Jaguar/Land Rover Warns Of “Greater” Chip Shortages In Q2
ND News Express ^ | 7-6-2021

Posted on 07/06/2021 5:29:11 AM PDT by blam

Tata Motors shares fell as much as 10% to hit an intraday low of Rs 311.45 on the BSE

Shares of Tata Motors, the parent of luxury car maker Jaguar Land Rover, crashed as much as 10 per cent to hit an intraday low of Rs 311.45 on the BSE after the company warned of negative operating profit margin or EBIT margin in the second quarter of current financial year as it expects chip supply shortages to be greater than in the first quarter.

“Based on recent input from suppliers, we now expect chip supply shortages in the second quarter ended 30 September 2021 to be greater than in the first quarter, potentially resulting in wholesale volumes about 50 per cent lower than planned, although we are continuing to work to mitigate this,” Jaguar Land Rover said in a press release.

Jaguar Land Rover also said that it expects shortages will continue through to the end of the year and beyond.

“We expect an operating cash outflow of about 1 billion pounds with a negative EBIT margin in the second quarter and a substantial improvement in underlying operating cashflow in the second half of the financial year as chip supply improves,” Jaguar Land Rover added.

“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. 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,” Thierry Bollore, Chief Executive Officer, Jaguar Land Rover, said in a statement.

As of 3:05 pm, Tata Motors shares traded 7.4 per cent lower at Rs 320, under-performing the Sensex which was trading on a flat note


TOPICS: Business/Economy
KEYWORDS: autos; chips; economy; elonmusk; india; jaguar; shortages; unitedkingdom

1 posted on 07/06/2021 5:29:11 AM PDT by blam
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To: blam

We need more tariffs


2 posted on 07/06/2021 5:40:28 AM PDT by babble-on
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To: blam

Tata motors (picture of giggling beavus and butthead)


3 posted on 07/06/2021 5:49:57 AM PDT by Vaquero ( Don't pick a fight with an old guy. If he is too old to fight, he'll just kill you. )
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To: blam
Just one more horrific example of incredible incompetence of the democrats. They simply lack the vision to create an environment where we can easily prevent a shortage of high tech components. Yes, it would be easy to do this. Obviously the intent is to prevent access.

President Trump showed us the way, never accept what is obviously democrat enemy actions as something that cannot be resolved.

4 posted on 07/06/2021 5:52:09 AM PDT by Caipirabob (Communists...Socialists...Fascists & AntiFa...Democrats...Traitors... Who can tell the difference?)
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To: babble-on
My first car.. no chip required. Back when life made sense.


5 posted on 07/06/2021 6:08:00 AM PDT by maddog55 (The only thing systemic in America is the left's hatred of it!)
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To: Vaquero

Wait, I missed the headline. “Jaguar owners now owned by Tata owners.”


6 posted on 07/06/2021 6:17:47 AM PDT by Larry Lucido (Donate! Don't just post clickbait!)
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To: Larry Lucido

I owned four Jaguars in my mid-spent youth...


7 posted on 07/06/2021 6:24:51 AM PDT by Eric in the Ozarks (Baseball players, gangsters and musicians are remembered. But journalists are forgotten.)
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To: maddog55

Exactly. We need cars, not computers with wheels.


8 posted on 07/06/2021 6:36:47 AM PDT by Dutch Boy
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To: blam

The problem is the cars they build are too small. People like big Tata’s.


9 posted on 07/06/2021 6:44:32 AM PDT by GreenHornet
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To: Eric in the Ozarks
I owned four Jaguars in my mid-spent youth...

That's ONE way to have one available for driving at all times.
10 posted on 07/06/2021 6:55:05 AM PDT by Dr. Sivana (“At first you go bankrupt slowly, then all at once.” -- Hemingway)
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To: Dr. Sivana

I learned about the curse of Joe Lucas...


11 posted on 07/06/2021 8:14:28 AM PDT by Eric in the Ozarks (Baseball players, gangsters and musicians are remembered. But journalists are forgotten.)
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To: babble-on

Anti American Free Traitors™ F’d us again.


12 posted on 07/06/2021 8:16:04 AM PDT by central_va (I won't be reconstructed and I do not give a damn...)
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To: Caipirabob

Republican a Bushies off shored the micro electronics industry and we had no protective tariffs to stop it. The GOP is just as bad. A pox on both houses.


13 posted on 07/06/2021 8:18:32 AM PDT by central_va (I won't be reconstructed and I do not give a damn...)
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To: blam

Anyone who buys one of these curry-burners is an idiot anyway.


14 posted on 07/06/2021 8:36:29 AM PDT by Dr. Thorne (The Media is the Virus.)
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To: central_va

Amen...


15 posted on 07/06/2021 2:47:16 PM PDT by Caipirabob (Communists...Socialists...Fascists & AntiFa...Democrats...Traitors... Who can tell the difference?)
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To: Dr. Thorne

“Anyone who buys one of these curry-burners is an idiot anyway.”

HI
F U


16 posted on 07/06/2021 2:55:02 PM PDT by crosdaddy
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