Jaguar Land Rover (JLR) sales dipped slightly in 2021 as a result of the semiconductor shortage, but the company is optimistic that supply will improve over the coming weeks.
Britain's biggest car manufacturer sold 420,856 units worldwide in 2021 - a 1.2% decrease compared with its 2020 output, which was itself dramatically impacted by the pandemic.
The shortage is attributed to an inability to ramp up production across its factory network due to constrained supply of semiconductor chips. JLR noted that supply improved in the final three months of 2021 and anticipates that supply will "continue to improve in Q4 of the fiscal year ending 31 March 2022".
JLR says it has "proactively managed semiconductor supplies to maximise production of higher-margin products".
