The company noted that it was able to stride ahead from 40 lakh cars to 50 lakh units within three years, despite COVID-19 and the semiconductor shortage crisis that plagued the global automotive industry.
Shanghai is slated to come out of strict two-month COVID lockdown. The ongoing COVID surge in China, and resulting lockdowns, continue to put pressure on supply chain, operations of many large automakers. In Shanghai large automakers saw 75% production decline in April.