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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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LML to take advantage of former Harley Davidson manufacturing facility for its EV production

LML, the once-popular brand in the Indian two-wheeler market is making a comeback. But instead of following traditional rituals, the company is planning to venture into the hottest corners of the automobility space- EV. For this LML has formed a strategic partnership with Saera Electric Auto, the brand that previously assembled Harley Davidson motorbikes in India.

LML to use former Harley Davidson manufacturing facility for EVs in India

LML will be using Saera’s state-of-the-art manufacturing facility in Bawal, Haryana for manufacturing its upcoming e. This facility spreads across 217,800 square feet and has a production capacity of 18,000 units per month. While the American brand witnessed the end of the road in India last due to import traffic structure and primarily focusing on its ‘Rewire strategy,’ the exit will now benefit the domestic company given Saera’s technology and processes that are ‘already in place’ will leverage in assembling LML’s products.

LML even rebranded to LML Electric and is planning to bring scooters for the upper-middle and urban segments. This means that the LML EVs will likely compete against the dominant players Ather Energy, and Okinawa. LML aims to be a complete ‘Made in India’ company by 2025.

“We foresee an immediate need for automakers to reduce their dependence on imports and build an infrastructure that is designed and capable to address the rapidly growing demand in India and the world over. We are confident that this partnership will be a stepping stone in our vision to redefine and re-imagine the future of EV manufacturing in India to bring the country at par with global manufacturing standards,” Yogesh Bhatia, CEO of LML said in a press statement.

The executive further revealed the company’s plan to invest Rs 1,000 crore in the next five years for its Make in India initiative. While EV space has become an aggressive market in India lately, LML’s seems to have made the right move at the right time. The company will no doubt play on the nostalgic factor, but with power players having an upper hand it would be interesting to see if LML can keep up with the pace.

The post LML to take advantage of former Harley Davidson manufacturing facility for its EV production appeared first on BGR India.



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