Tata Motors reported a loss of 44.5 billion rupees ($598 million) in the three months ended June 30 as sales at the luxury UK unit were hit by a lack of semiconductors.

The automaker will produce 40 million vehicles on its new electric ‘super platform’ that will replace the group’s current combustion-engine and full-electric platforms.

The supplier's interim sales rose 28 percent from a year ago to 7.78 billion euros ($9.2 billion), while first-half operating income rose to 510 million euros, up from a loss of 100 million euros last year.

Polestar says it's on track to double its global retail locations to 100 this year and the Volvo subsidiary believes having 200 locations in 2022 is within reach.