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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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Tata Motors to reveal a new Electric SUV concept on April 6

Tata Motors has shared media invites for an event on April 6. The company has been tight-lipped about the event so far. However, now we know that it is an electric SUV concept that will be unveiled during the event next Wednesday.

So far, we had been expecting Tata Motors to unveil the long-range version of the Nexon EV or a new Tata Altroz EV. That clearly isn’t the case. The zoomed-in shots in the teaser video were also not much in line with the design philosophy of either car.

In the invite there’s a big hint from the company, calling the new vehicle a “brand-new Electric SUV concept”. Details about the launch are expected to be provided in the coming days.

Tata Motors is busy building a case for itself in the EV market. The company has a strong line-up of cars planned for India and the new Electric SUV seems to be a part of that line-up. Currently, it is the leader in the EV segment with two of the most affordable offerings in the market: Tata Tigor EV and Tata Nexon EV. The Nexon EV was launched in 2020 and the Tigor EV was launched in 2021.

Tata Motors has reported its highest-ever EV sales in the last fiscal year. The automobile maker claims it managed to achieve this milestone despite challenges in the supply chain.

On Friday, the company announced that it has registered a “record-breaking FY, Quarter & Month for Tata Motors Passenger and Electric Vehicle.” The company has announced that it made the highest ever annual EV sales of 19,106 units in FY22. This is a sharp rise of 353 percent in comparison to EV sales in FY21.

Tata Motors Passenger and Electric Vehicle has also reported its highest-ever quarterly sales of 9,095 units in Q4FY22. This is a sharp rise of 432 percent, compared to the sales in Q4FY21.

In terms of monthly sales too, Tata Motors reported its highest-ever EV sales of 3,357 units in March 2022 up 377 percent compared to March 21.

The post Tata Motors to reveal a new Electric SUV concept on April 6 appeared first on BGR India.



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