The semiconductor shortage issue is easing and expect it to improve further with every passing month, Tata Motors NSE 0.66 % Group CFO PB Balaji said.
Tata Motors has reported a consolidated net loss of Rs 4,951 crore in the June quarter as chip shortage and COVID-19 lockdown in China impacted Jaguar Land Rover sales.
In a conference call, Balaji said, "As far as chip shortage is concerned, we do see things starting to ease off.
Domestically in particular, we are not planning for any substantial chip-related challenges".
He further said, "Obviously there's still a lot of running around, fire fighting and midnight working that's there but it is nowhere at a scale of the challenge that we had even three months back. That's in India".
