The previous low price was a part of SII's commitment to GOI and some other countries for sharing the risk of production. After the current 'under contract' 110 million doses are delivered, SII will sell to GOI at Rs 400 per dose, same as states.
In an interview with India Today, Adar Poonawalla said the COVID-19 vaccine manufacturers are finding it difficult to ramp up production because the US, Europe are holding back critical raw material exports.