Tata Motors reported a quarterly net loss of INR 15.2bn ($203mn) for Q4 2021, vs. a profit of INR 29.1bn ($390mn) a year earlier. Consolidated revenues stood at INR 722.3bn ($9.7bn), down 4.5% YoY. Jaguar Land Rover (JLR) said that its sales remain constrained by chip shortages with retail sales of 80,126 vehicles in the quarter, down 37.6% sequentially. Tata Motors Limited (TML), the Indian-unit saw commodity inflation impacting margins. The company added, “The semiconductor supply situation is improving gradually whilst inflation worries persist”. JLR reported quarterly revenues of £4.7bn ($6.4bn) up 22% QoQ with its order book hitting a new record of ~155,000 units thanks to the New Range Rover. It said that liquidity was at £6.5bn ($8.8bn) at quarter-end with £4.5bn ($6.1bn) of cash and a £2bn ($2.7bn) undrawn revolving credit facility.
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