The closure, triggered by severe semiconductor shortage, will reduce output at its automotive facilities by 25 per cent this month, the company said...
The announcement, which showed how the shortage continues to plague the auto industry, sent the shares of Tata Motors crashing more than 8% on the bourses...
CEO Pat Gelsinger noted that the work and study-from-home trends during the Covid-19 have led to a 'cycle of explosive growth in semiconductors' that has placed huge strain on global supply chains...