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Tata Motors has a bleak Q3 update for JLR sales

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Tata Motors has a bleak Q3 update for JLR sales

Tata Motors on Wednesday posted a dismal update on third-quarter Jaguar Land Rover (JLR) sales, which continue to be constrained by semiconductor shortages.

However, Tata Motors said JLR’s sales improved from the second quarter. “Underlying demand for Jaguar Land Rover products remains strong and the company aggressively manages semiconductor supply to maximize production of higher-margin products,” Tata Motors said in a filing.

Retail sales for the quarter ended December 31, 2021 were 80,126 units, a decrease of 13.6% (12,600 units) from the previous quarter and a decrease of 37.6% (48,300 units) from a year earlier.

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Compared to the previous quarter, retail sales declined in all regions, including China (-6.9%), Europe (-6.8%), North America (-11.8%), UK (-24.3%) and overseas (-25.4%) %)

“Looking ahead, chip shortages remain and are difficult to predict, but we expect supply to continue to improve in the fourth quarter of the fiscal year ending March 31, 2022,” Tata Motors said.

Despite the impact of semiconductor shortages on production and sales, the company said demand for its products continued to be strong, with global retail orders at record levels.

Total orders for the new Range Rover have grown to more than 154,000 units, an increase of around 30,000 units from the previous quarter, while demand for the Land Rover Defender remains strong at around 36,000 units. Shares of Tata Motors rose 1 percent to close at Rs 506.30 on the NSE on Wednesday.

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“The new Range Rover embodies Jaguar Land Rover’s vision for modern luxury design. We are delighted that the positive feedback at launch has led to a strong order book for this all-new modern luxury model. In addition, Land Rover Defender continues to support our all-electric Jaguar I- Contributing to the record order pool next to PACE. Semiconductor supply challenges continue within the industry, but our wholesale volumes are improving. As supply improves in 2022, we look forward to completing deliveries to customers around the world,” said Jaguar Land Rover chief Commercial officer Lennard Hoornik said.

Complete News Source : mint

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Hollywood

Days After Experiencing Health Issue, Madonna Spotted Having Fun with a Friend

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Days After Experiencing Health Issue, Madonna Spotted Having Fun with a Friend

Los Angeles, July 10, 2023: Pop icon Madonna, who recently faced a health issue, was seen enjoying a leisurely outing with a close friend, displaying her resilience and spirit. Just days after the health concern made headlines, the legendary singer was spotted having a fun-filled time, reaffirming her dedication to living life to the fullest.

Madonna, known for her energetic performances and iconic music career, made headlines when news of her health issue emerged. Concerned fans expressed their well wishes and hopes for her speedy recovery. However, the global superstar has shown her indomitable spirit by venturing out for some leisure time with a dear friend.

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The singer was seen in a relaxed and cheerful mood, as she and her friend indulged in laughter and shared light-hearted moments during their outing. Madonna’s positive demeanor and enthusiasm were evident, reaffirming her determination to overcome any obstacles that come her way.

The photographs of Madonna enjoying herself and being in good spirits serve as a testament to her resilience and commitment to living life to the fullest. Despite the health issue she faced, the iconic singer refuses to let it dampen her spirits or hinder her zest for life.

Madonna’s ability to find joy in the midst of challenges resonates with her millions of fans around the world. Her determination and unwavering spirit continue to inspire and serve as a reminder to prioritize one’s well-being and embrace moments of happiness, even in the face of adversity.

As fans continue to show their support and send messages of love and encouragement to Madonna, her recent outing stands as a symbol of hope and strength. The pop icon’s resilience serves as a source of inspiration for her fans, reminding them to stay positive and embrace the joy that life has to offer.

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Madonna’s ability to bounce back and enjoy life with a friend after experiencing a health issue showcases her unwavering spirit and unwavering commitment to her well-being. Her fans eagerly await further updates on her health and look forward to witnessing her return to the stage, where she will undoubtedly continue to captivate audiences with her incredible talent and indomitable spirit.

Just days after experiencing a health scare that had fans worried, pop icon Madonna was spotted having a great time with a close friend, showcasing her resilience and positive spirit. The singer, who recently made headlines due to her hospitalization, appeared to be in high spirits as she enjoyed a casual outing.

Madonna, who had been experiencing serious health issues, had taken some time off from the public eye to recover, leaving her fans concerned about her well-being. The health scare was reportedly linked to a bacterial infection, which required her to undergo a brief stay in the hospital. Despite the challenging period, the 65-year-old singer reassured her followers with a message expressing gratitude for the love and support she received from fans worldwide.

In her latest public appearance, Madonna was seen in a relaxed setting, engaging in lighthearted conversation with a friend. The images of the two enjoying their time together brought relief to her fans, who had been anxiously awaiting an update on her recovery. Madonna’s playful demeanor and smile demonstrated her return to form, as she looked both carefree and at ease.

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Madonna has always been known for her unrelenting work ethic and ability to bounce back, and this latest appearance proves that she’s not backing down easily.

#Madonna #HealthRecovery #PopIcon #Resilience #FunOuting #CelebrityNews #PositiveVibes #GratefulHeart #MadonnaUpdate #HealthJ

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