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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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Mahindra XUV700 SUV gets over 1.5 lakh bookings, but long waiting period worries buyers

Mahindra XUV700 has registered a total of 1.5 lakh bookings since launch. The automaker made the announcement via its official social media channel on Instagram. While the achievement is big for any new SUV, buyers are having to deal with exceptionally long waiting periods. The XUV700, in some cases is even suggesting a waiting period of two years.

In the social media post shared on Instagram, MahindraXUV700 account stated, “A milestone that marks our excellence. Here’s to crossing 1.5 Lakh bookings. We are grateful to all our customers for this overwhelming response.”

The SUV was launched last year in August and as it is preparing to complete its first year. The company has reached this new milestone, at least in terms of bookings ahead of the first year anniversary.

 

View this post on Instagram

 

A post shared by Mahindra XUV700 (@mahindraxuv700)

Long waiting periods

The picture is not all rosy for Mahindra. The company is currently struggling to deliver the booked vehicles. With waiting periods extending well into the two-year mark, Mahindra might lose a lot of these bookings to competitors. In the post made on Instagram, many users have taken to the comment section in order to register their complaints about the exceptionally long waiting period for the delivery of the SUV.

Mahindra, like most other car makers, has been plagued with a chip shortage. The company uses semiconductors in order to provide a tech-laden cabin. The XUV700 comes with AdrenoX tech as well as ADAS features in the top-tier variants. This increases the carmaker’s reliance on semiconductors for timely manufacturing.

Reports have suggested that Mahindra has a total of 1.5 lakh pending deliveries across its SUV line-up. The majority of the bookings come from Mahindra XUV700, Mahindra Thar and even XUV300 which consist of over 90 percent of the pending deliveries. The recent launch of Mahindra Scorpio N is expect to increase the lag between bookings and deliveries.

The post Mahindra XUV700 SUV gets over 1.5 lakh bookings, but long waiting period worries buyers appeared first on BGR India.



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