JLR’s global retail sales down 13 percent in Q4 2021

Global retail sales of Tata Motors's  UK-based subsidiary Jaguar Land Rover (JLR) fell by 13.6% to 80,126  units during the quarter ending December 2021 (Q3 FY2022) in comparison to the preceding quarter (Q2 FY2022) and 37.6% from the quarter a year ago (Q3 FY2021).

JLR has attributed the dip in sales to the continuing impact of global semiconductor shortages adding that it has started to see some improvement in chip availability and wholesale numbers as compared to the preceding quarter.  

Retails were lower across all regions as compared to the preceding quarter, including China (-6.9%), Europe (-6.8%), North America (-11.8%), UK (-24.3%), and Overseas (-25.4%), the company said.

As per the luxury carmaker, the demand for JLR cars remains strong, the company proactively managed semiconductor supplies to maximise production of higher margin products.  

Wholesale volumes in comparison were relatively better with 69,182 units and production volumes were 72,184 units during Q3 FY2022 (both excluding China JV), up 8% and 41% respectively compared to Q2 FY2022 The increase in production in particular reflects a start in improved chip supply. Compared to the preceding quarter, Range Rover wholesale volumes were up by 91.8%, Range Rover Sport by 64% and I-Pace by 34.5%, the company added.

Lennard Hoornik, chief commercial officer, Jaguar Land Rover said, "Semiconductor supply challenges continue within the industry but our wholesale volumes are improving. We look forward to completing delivery to global customers as supply improves in 2022.”