The current blockade in China, caused by the revival of Covid19, is affecting car supply chains, says PB Balaji, the group’s chief financial officer, Tata Motors during a meeting in the fourth quarter. In cooperation with the media, Balaji said that the current quarter will be closely monitored and measures taken to the best of the company’s ability.

As a result of tough restrictions imposed by China under its zero Covid19 policy, freight traffic at its key Shanghai port has fallen. Development is happening at a time when the world is already witnessing a headwind of supplies due to the ongoing war in Ukraine and the shortage of semiconductors.

Tata Motors reported a consolidated net loss of 1,033 rupees for the 4th quarter of 2222 against a loss of 7,605 rupees for the same period last year. The company’s revenue also fell 11.5 per cent to 78,439 rupees over the same period against 88,628 rupees recorded in the 21st quarter of 2021.

Speaking about the shortage of chips, Balaji added that the British subsidiary JLR has witnessed the maximum impact of cars in India, including electric vehicles. He noted that commercial vehicles were the least affected, and it was also only on some power units and others. Explaining the issue in more detail, Balaji said the conflict between Russia and Ukraine had little effect on the company’s chip supply, as only 2-3 suppliers come from the conflict zone, which is now, as expected, redirected. However, the crisis of chip shortages seems to be getting better every month, he added.

As for the recent announcement by Tata Sons Chairman N. Chandrasekaran that the group is working to launch a “battery manufacturing company” that will operate in India as well as abroad, Balaji said that both JLR and Tata Motors have big plans for electricity and can be captive customers ”.

He also expressed concern about rising inflation and the subsequent rise in vehicle prices. The top executive said that if the situation continues, at some point it may end in reduced demand from car buyers.

Performance division

Passenger transport Tata (Tata PV): In the 4th quarter 22 2022 f.g. The photovoltaic business achieved a full turnaround with the highest quarterly revenue of Rs 10,500 crore (+62 per cent), electricity volumes rose to 9,100 units in the fourth quarter and the photovoltaic company’s market share improved to 13.4 interest.

Tata CV: The Tata CV business continued to demonstrate a strong consistent recovery, the company, led by the MHCV segment, said. The business received the highest quarterly profit since the 4th quarter of 2019 and grew market share in all segments with revenue in the 4th quarter of Rs 18,500 (+29 per cent compared to 2019 and +34 per cent for the quarter). In its forecast, the company said the resume industry is poised for further growth amid increased activity in road construction, mining and improved infrastructure spending.

Jaguar Land Rover (JLR): Revenue was £ 4.8 billion in Q4 2222, up 1 per cent from Q3 2222, reflecting growth in wholesale sales, partly offset by the impact of previous-generation Range Rover overclocking, with the new Range Rover still increases. The EBIT margin for the quarter was 2.0 per cent with pre-tax earnings roughly at a dead end (£ 9 million) to exceptional costs (£ 43 million) for its business in Russia.–q1fy23-to-be-monitored-81742

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