Jaguar Land Rover warned a global semiconductor shortage is worsening and deliveries in the second quarter will be 50 percent worse than initially thought.
"The chip shortage is presently very dynamic and difficult to forecast," JLR said in a statement that was filed to Indian stock exchanges by parent Tata Motors on Tuesday.
"The broader underlying structural capacity issues will only be resolved as supplier investment in new capacities comes online over the next 12 to 18 months, and so we expect some level of shortages will continue through to the end of the year and beyond."