Tata Motors-Owned Jaguar Land Rover Announces 37% Drop In Quarterly Sales Due To Semiconductor Shortage

Tata Motors-owned Jaguar Land Rover noted a 37% drop in retail sales to 78,825 units in June quarter, owing to semiconductor shortage, COVID-19 lockdowns in China, and switch to new Range Rover Sport model. JLR, however, said its goods continue to be in high demand, with worldwide retail orders establishing new highs in the third quarter. The overall order book has expanded to about 2 lakh units by June 2022.