Tata Motors says worried by chip shortage, Brexit impact on supplies

Tata Motors posted a 67.2% rise in profit for the last quarter of 2020, as Jaguar Land Rover sales improved in key markets like China.

Jaguar Land Rover (JLR) owner Tata Motors is concerned by semiconductor shortages and Brexit-related supply disruptions as its luxury car sales recover, although the Indian automaker said on Friday these had not yet hit production.

Tata Motors had three straight quarters of losses as the Covid-19 crisis dented sales, exacerbating uncertainties over Britain's European Union exit, weak demand and rising costs, but has bounced back to clock a profit in its third quarter.

"The issue is completely on the supply side rather than demand," PB Balaji, chief financial officer, said after Tata Motors posted a 67.2% rise in profit for the last