Tata Motors, JLR flag EV supply chain as a separate business risk. They don’t name China, but its imprint is all over. | Company Business News

Tata Motors and its subsidiary, Jaguar Land Rover (JLR), have highlighted a new concern in their latest annual report: the complexities of the electric vehicle (EV) supply chain. While the companies refrained from naming specific countries, the implications of global supply chain dependencies are evident, with China playing a significant role in the EV industry. This acknowledgment marks a shift in focus as the auto giants adapt to the rapidly evolving landscape of electric mobility. The report underscores the challenges of securing critical raw materials and components necessary for EV production. With China dominating the supply of essential elements like lithium and rare earth metals, the potential for disruptions looms large. Tata Motors and JLR are now considering strategies to mitigate these risks, which could involve diversifying suppliers or investing in alternative technologies to ensure a stable production pipeline. As the automotive industry pivots towards electrification, the risks associated with the EV supply chain have become increasingly pertinent. Tata Motors and JLR's move to flag this as a distinct business risk signals a proactive approach to safeguarding their future operations. By addressing these challenges head-on, they aim to maintain a competitive edge in the global market while navigating the uncertainties of supply chain dynamics.

— Authored by Next24 Live