Tata Motors is optimistic that the supply constraint of semiconductors that has impacted its commercial vehicles production will be back to normal by the second half of the next fiscal. The company, which had hiked prices in October and January to offset the impact of rising commodity rates, is looking at taking a similar step in April in the wake of continued increase in steel and other raw material prices.
In order to overcome the challenge, the company has taken several steps, including engaging with suppliers, talking to semiconductor manufacturers to get some of the consignments faster or making some changes in the product configuration so that the requirement is reduced.
Tata Motors is India’s largest automobile company. Through subsidiaries and associate companies, Tata Motors has operations in the UK, South Korea, Thailand, South Africa and Indonesia. Among them is Jaguar Land Rover, the business comprising the two iconic British brands.
| Company Name | CMP |
|---|---|
| Tata MotorsPassenger | 356.30 |
| Maruti Suzuki | 13470.95 |
| Mahindra & Mahindra | 3227.10 |
| Hyundai Motor India | 1890.10 |
| Mercury Metals | 35.25 |
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