Manufacturers around the world have been hit hard as they struggle to secure supplies of semiconductors. The UK car maker saw its retail sales fall 37.6% compared to a year earlier, as it sold 80,126 vehicles in the quarter to the end of December.ĭespite that fall in production the company saw revenue of £4.7bn, up 22% on the previous quarter. The new Range Rover will arrive in the first half of 2022 and JLR should finally find itself on a winning run for sometime to come, global pandemics permitting.Jaguar Land Rover (JLR) lost £9m ($12m) in the last three months of 2021 amid the global computer chip shortage. However, the booming Defender may be the saving grace and JLR says it expects the red ink to switch to black in the second half of this year. It’s been a rollercoaster year for JLR, which remains a relatively small player on the global automotive scene. It doesn’t help either that JLR notes it will be seeing some "underlying structural capacity issues" over the next 12-18 months, likely related to the new Range Rover production line being installed in Solihull, a task of significant complexity. It had hoped that it could build 130,000 cars between July and September, but that total could be reduced by as much as 50%.
In short, JLR production should have been up 100% over the same period of 2021.Īnd the company says it expects that the chip shortage will hit even harder in the second quarter of the this financial year. The number of cars made for wholesale was up 73% between April and June, but the chip shortage had reduced the expected jump by 27%. So, with the Defender booming and the market recovering well, JLR should be out of the woods, but the company says the second quarter of this financial year will be even tougher thanks to the chip shortage. It’s a cost that will repay itself handsomely. We can probably chalk that down to preparations for the Range Rover 5 and the new Range Rover Sport and the all-new MLA platform. However, £571 million (Rs 5,172 crore) of that was invested in machinery and capital investment and research and development. The loss for this quarter was £110 million (Rs 996 crore), though JLR admits it has spent nearly a billion in cash over the same period. And just over 29,000 Jaguars were sold, which is impressive considering that the demise of ICE Jaguars was revealed to be only four years away.Īnd talking of alternative power, JLR’s latest financial presentation reveals that 57% of the last quarter’s output was mild hybrid, 6.5% plug-in hybrid and just 2% pure EV.
The Defender is really starting to make waves, selling a bit over 17,000 units in the three-month period, not so far behind the combined 19,000 sales of the Discovery and Discovery Sport. The UK was the fourth market at 24,000 sales. North America was the company’s biggest market between April and June (selling 31k) followed by China and Europe. A source of no small frustration when it says it has an order bank of 110,000 cars, of which around 29,000 are for the new Defender.Įven so, retail sales in the first quarter of this financial year were up by 63% over the same period in 2020, the point where the lockdown really started to kick-in. Jaguar Land Rover, after being badly hit by the global pandemic and related lockdowns, is now being hobbled by the global chip shortage.īetween May and June this year, the company reckons it has lost around 30,000 sales due to the chip shortage.
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