Tata Motors recently cut the sales forecast of its luxury car brand, JLR, due to chip shortages, scaling down its production numbers from the earlier 120,000 units to 60,000-65,000 units by September, and leading to an almost 10 per cent fall in the company’s stock. In May this year, Bosch India, too, had stated that chip shortfalls would impact its production, as supply chains were getting disrupted.

       It saw the scarcity continuing until 2022. The world is facing a shortage of chips, and India is no exception. The question is, when will India have its own semiconductor plant? ...