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MUMBAI, Feb 2 ― India's Tata Motors, the owners of the Jaguar and Land Rover brands, reported a fourth consecutive quarterly loss on Monday, weighed down by higher commodity prices and the global chip shortage. Microchips are a key component in car manufacturing but automakers around the world...
In September, the department asked semiconductor chip manufacturers and other companies in the supply chain to voluntarily submit data amid a shortage of chips that has curtailed auto production around the world
Consumer electronics makers expect the semiconductor shortage to ease by the second half of 2022, pinning their hopes on plans of global chipmakers to roll out more fabrication units abroad
The prices of all non-cargo variants have been increased due to the introduction of the passenger bag, says Maruti Suzuki.
Production will fall short by as many as 10 million units, Bloomberg News says.