Jaguar Land Rover reducing its production at UK factories until spring

Jaguar Land Rover reducing its production at UK factories until spring

The auto industry globally has suffered from semiconductor shortages and supply issues since the Covid-19 pandemic broke out in early 2020. Following the news, the stock of Tata Motor dipped before heading towards the session's peak. Semiconductor shortages have left customers for $100,000 Range Rovers waiting more than a year for their vehicles, with sales suspended for some variants. In the quarter ended September, the carmaker reported deliveries to dealerships that trailed guidance by 17%. JLR has reported losses for …