Tata Motors posts quarterly loss and warns of inflationary costs:
BENGALURU — Jaguar Land Rover owner Tata Motors reported a quarterly loss on Monday that was bigger than expected and warned of rising inflationary costs.
The company expects chip shortages at JLR to continue through 2022 as suppliers gradually ramp up production, and is also engaging directly with chip manufacturers to secure supply longer-term supplies for the Range Rover maker, it said. However, the recovery was short-lived as acute semiconductor shortages and supply chain disruptions delayed production, and Tata Motors slipped back to losses.
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