JLR sales drop 36pc to 79,008 units in fourth quarter, Auto News, ET Auto

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The Tata Motors-owned luxury carmaker noted that retail sales for the three-month period continued to be constrained by the global shortage of semiconductors.

New Delhi: Hit by a semiconductor shortage, Jaguar Land Rover (JLR) said on Friday its retail sales fell 36% to 79,008 units in the fourth quarter of the 2021-22 financial year from the same period last year. The Tata Motors-owned luxury carmaker noted that retail sales for the three-month period continued to be constrained by the global shortage of semiconductors.

However, the company has seen a gradual improvement in chip supply, which has led to improved production and wholesale volumes from the prior quarter and this is expected to continue into the next fiscal year, it said. -he adds.

Jaguar sales for the reporting period were 14,574 units, down 38% from the prior year period.

Land Rover retail sales were down 36% year-on-year to 64,434 units.

Retail sales for the fiscal year ending March 31, 2022 were 3,76,381 units, down 14% from the fiscal year ending March 31, 2021, the automaker said.

Despite the impact of the semiconductor shortage on production and sales, the company continues to see strong demand for its products, with global retail orders again setting new records in the fourth quarter, he said. added.

As of March 31, 2022, the total backlog has grown to over 1,68,000 units, up approximately 14,000 orders from the December 31, 2021 period. Demand for the new Range Rover and new Defender is particularly strong with more than 45,500 orders and 40,000 orders respectively, JLR said.

JLR Commercial Director Lennard Hoornik said customer response to the first deliveries of the new Range Rover was strong and the company remained optimistic about the future, despite the geopolitical and macroeconomic challenges currently facing the industry.

“The conflict in Ukraine did not have a significant impact on our wholesale volumes during the quarter. The impact on production was also limited due to the active management of the parts supply chain , including the development of alternatives for the relatively small number of coins from the affected countries,” he added.

However, it is difficult to predict the impact of supply and inflationary pressures over the next few quarters, Hoornik said.

The goals, which are endorsed by the Science Based Targets initiative (SBTi), confirm the company’s path to reducing emissions by 1.5 degrees Celsius in line with the Paris Agreement.

“The current global context … presents us with business challenges, so we are suspending delivery of vehicles to the Russian market,” said a statement from India’s Tata Motors-owned British JLR.

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