Jaguar Land Rover Q4 Retail Sales Slump 36% As Chip Shortage Bites

• Tata Motors Ltd (NYSE:TTM) reported a 36% year-on-year slump in the fourth quarter retail sales of Jaguar Land Rover.
• The retail sales of 79,008 units fell 1.4% quarter-over-quarter.
• The Q4 sales results were constrained by the global semiconductor shortage.
• The company said the conflict in Ukraine has not materially impacted its wholesale volumes in the quarter.
• "The successful New Range Rover launch, as well as the momentum gained from Defender, has resulted in a steadily increasing order bank, now at a record 168,000 units," said Lennard Hoornik, Jaguar Land Rover Chief Commercial Officer.
• Price Action: TTM shares are trading higher by 3.08% at $30.12 on the last check Friday.