Bengaluru: Tata Motors posted a broader quarterly loss on Monday, because of the lack of semiconductors and high-commodity prices of sales dents and production for car makers.
Global Carmakers has warned the pain that is extended and has taken sharp production cuts this year due to supply chain disorders and boom demand for consumer electronics has caused a critical shortcoming chip in turning on electronic devices.
Tata Motors, who has warned that it is expected that shortages in the second quarter becomes greater than the first, have said last month to see semiconductor shortages gradually subside for the next 12 months for the next 12 months.
There are significant challenges on the supply side, including semi-conductor problems and sharp commodity inflation, said Tata Motors in the exchange of exchanges on Monday.
Retail sales in JLR, which contributed Most Tata Motors revenues, fell 18.4% from the previous year due to lack of semiconductor injuring production.
However, revenues rose 14.7% to Rs 61,379 Crore in the quarter ended September 30.
Tata Motors recorded the consolidated net loss of Rs 4,442 Crore ($ 593.02 million) for the quarter, compared to the loss of Rs 3,140 Crore a year earlier.
Tata Motors quarterly loss widened as a crunch chip weighted
