Following the release of quarterly financial results data today by Tata Motors owned Jaguar Land Rover (JLR);

David Leggett, Automotive Analyst at GlobalData, a leading data and analytics company, offers his view:

“It’s a mixed picture for many car companies right now as supply shortages ease in some markets, while problems persist elsewhere. Global manufacturing footprints and supply chains are the levers that companies can use to mitigate shortages of critical parts.

“JLR reports a swollen order book of over 200,000 units while inventory remains way below normal. That means it can’t make sales on some of its high-margin products. However, the company’s quarterly sales in China – where it has factories and where parts shortages have eased significantly this year after earlier lockdowns – have rebounded much more strongly than elsewhere.

“Overall, it’s a gradually improving picture in terms of the easing of supply shortages for the sector but progress is frustratingly slow and uneven as capacity additions upstream in the semiconductor industry take time to come through.”