From reports coming out of India eg it looks as though the AZ vaccine, which is the one mostly used there under a different name, is protecting against severe disease and death from the Indian variant.
"There are a number of reports from India saying that although there’s infection in people who’ve been vaccinated, there is protection against severe disease,” said Ravi Gupta, the senior author of the paper and a professor of clinical microbiology at the University of Cambridge. “So on an individual level, vaccination is still fantastic and works. But in terms of controlling transmission, there may be a degree of compromise.”