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India's Tata Motors Says EV Waiting Period At Six Months

EV Ultimo Team

01-11-2021

India's Tata Motors Says EV Waiting Period At Six Months

India's Tata Motors Ltd said on 1 November,2021 that it is seeing a waiting period of six months for electric cars and up to two months for most other vehicles due to an acute shortage of chips that pushed the carmaker to post a wider quarterly loss. The company also said it has an order backlog of 125,000 vehicles at its luxury car unit Jaguar Land Rover (JLR) due to the crisis and is focusing on serving its more profitable markets first. Tata Motors is the largest seller of electric vehicles (EVs) in India with a 71% market share. Besides semiconductor issues, the company expects commodity inflation to continue to impact its near-term performance, though it is seen improving gradually for JLR and for India businesses starting in the second half.


SOURCE: TIMES OF INDIA


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