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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...
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Okinawa sells over 1 lakh EVs in India in 2021, plans to launch new scooter in H1 2022

Okinawa Autotech has announced that it has surpassed 100,000 domestic sales of its electric vehicles. The company claims that the main driver of sales this year has primarily been the locally manufactured iPraise+ and Praise Pro. These scooters commanded a nearly 60-70 percent share of the yearly sales.

The company claims to have expanded to over 400 dealerships in metro cities as well as Tier 2, Tier 3, and rural markets in India.

The electric scooter company also launched Okinawa Galaxy – an experience centre in Uttarakhand. Customers can experience the products in the flesh at the experience centre. Okinawa claims that it plans to open over 50 more Galaxy Stores in India this year.

Additionally, Okinawa has announced a total investment of Rs 500 crore through the next three years. In the first phase, a sum of Rs 250 crore will be invested in the first year and gradually increased over the coming years.

The Indian EV company claims that its localization will be near 100 percent barring battery cells, which will continue to be imported. The company also disclosed that it will be launching a new high-speed scooter next year in the first quarter.

Recently according to JMK research findings, Okinawa Autotech was the second most popular Electric 2 Wheeler brand afte Hero Electric. This data was released for the month of October 2021.

Jeetender Sharma, MD and Founder of Okinawa Autotech said, “We are glad and appreciative to those who expressed their belief in Okinawa and therefore helped us achieve this milestone.” With our dynamic product selection and unique riding experiences, Okinawa has set new milestones in the mass penetration of Electric Two-Wheelers in India since its beginning. We’ve had only one strategy from the start: raise awareness and debunk all kinds of myths around EVs. We will continue to cater to the requirements of the purists, while also fulfilling the aspirations of a new base of the youth who have a very different approach with two-wheelers. We remain committed in our endeavour to serve our consumers with exciting new launches and curated experiences.”

The post Okinawa sells over 1 lakh EVs in India in 2021, plans to launch new scooter in H1 2022 appeared first on BGR India.



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