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AMD to invest $400 million in India by 2028: Here’s what we know

US chipmaker Advanced Micro Devices said on Friday it will invest around $400 million in India over the next five years and will build its largest design center in the tech hub of Bengaluru. AMD’s announcement was made by its Chief Technology Officer Mark Papermaster at an annual semiconductor conference that started Friday in Prime Minister Narendra Modi’s home state of Gujarat. Other speakers at the flagship event include Foxconn Chairman Young Liu and Micron CEO Sanjay Mehrotra. Despite being a late entrant, the Modi government has been courting investments into India’s nascent chip sector to establish its credentials as a chipmaking hub. AMD said it will open its new design centre campus in Bengaluru by end of this year and create 3,000 new engineering roles within five years. “Our India teams will continue to play a pivotal role in delivering the high-performance and adaptive solutions that support AMD customers worldwide,” Papermaster said. The new 500,000-square-foot (55,5...

Hero Electric becomes most popular EV brand in India

Hero Electric has achieved the position of the most popular EV brand in India. The electric two-wheeler manufacturer was found to be the most preferred brand according to the latest JMK research findings.

Hero Electric bagged the top spot in the electric 2-wheeler segment for the month of October. The brand was followed by Okinawa Autotech and then Ather Energy.

Here are the top 10 best-selling EV brands in the country for the month of October, according to JMK Research:

-Hero Electric
-Okinawa Autotech
-Ather Energy
-Ampere Vehicles
-Pure EV
-TVS Motors
-Benling India
-Bajaj Auto
-Revolt Intellicorp
-Jitendra New EV Tech
-Others


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The overall HS-E2W sales in the country in October 2021 stood at 19,253 units, signifying a 16% m-o-m jump and a y-o-y leap in registrations of 603%. The Top 10 players, as shown below account for 95% of the total
registrations recorded in the month of October 2021.

Hero Electric celebrated the achievement by launching its new campaign. Naveen Munjal, Managing Director, Hero Electric, said, “We are delighted and thank everyone for their support in making Hero, India’s no.1 Electric two-wheeler brand. We are glad to be operating in a country where consumers are becoming more aware and make greener choices that motivate us further to drive the mobility shift. There is an increased demand for EVs over the last few years that has helped us to stay India’s largest EV brand. This campaign is to recognize every individual who has supported us in our journey and responsibly chosen to make The Smart Move! With our varied product offerings and support from the Government, we are leading the change to transform the automotive two-wheeler market and stand at the forefront of this dynamic sector.”

Speaking on the campaign, Sohinder Gill, CEO, Hero Electric, said, it’s the time to thank our customers who reposed trust in our products and the brand Hero in our journey to the top. I believe that No.1 comes with lots of responsibilities of being the role model for conducting our business in a fair and equitable manner that benefits the Customer, the Society and the Environment. As a leader we will continue to strive for the growth of an eco-system that supports easy and faster transition to electric mobility. India in on the cusp of a major revolution in the sustainable and zero carbon transport and we would very much like to be a significant contributor in making our world a better place to live and breathe.

The post Hero Electric becomes most popular EV brand in India appeared first on BGR India.



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