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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 Lectro announces a 100% Cashback offer on e-cycles for Independence Day 2022

Hero Lectro, the e-cycles brand of Hero Cycles on Friday announced new offer for Independence Day where customers on Hero Lectro’s D2C portal stand a chance to win 100 percent cashback on their e-cycle purchase. The limited-time offer is valid for all purchases made between 12th and 31st August using the code “FREEDOM75”. Apart from winning 100 percent cashback, customers can also win vouchers worth Rs. 750 during the offer period. Winners will be announced at the end of the offer period, in the first week of September.

The offer is exclusively available on Hero Lectro’s D2C website www.herolectro.com. According to the company, purchases on the website also come with the added advantage of doorstep delivery and technician-assisted assembly of the e-cycles. Customers will also have the option to avail of Hero Lectro’s ‘Bike Doctor’ services at Hero Lectro Experience Centres across the country, which include trained technicians and specialized tools to provide after-sales services, maintenance, and repair.

The Hero Lectro provides a range of e-cycles across price points starting at Rs. 28,999, which has been built keeping in mind Indian road as well as climatic conditions, which can be used for a wide spectrum of use cases.

Electric cycles have been gaining popularity and soon you might see more of them on the roads, especially in Delhi. The Delhi government had announced a new subsidy scheme for electric cycles or e-cycles in order to encourage more buyers to go green for small-distance commuting. The Delhi govt has set up a new portal in order to provide the benefits of the new subsidy for e-cycles

The subsidy offers a discount of Rs 5,500 on electric cycles. This can be further expanded by Rs 2,000 for early-bird applications. The offer of a subsidy of Rs 5,500 will be available to the first 10,000 e-cycle buyers who apply for the subsidy. The first 1,000 people will be able to get an additional subsidy of Rs 2,000 under the Delhi government’s EV policy.

The e-cycle subsidy can be purchased from the dealer. While e-cycles don’t need to be registered, the state govt will provide a unique code for each of the e-cycles sold, in order to facilitate the disbursement of subsidies. Once the purchase is made for an eligible e-cycle, the dealer will have to enter the details of the buyer on the state government’s portal.

Once that is done, the government will check the details and will reimburse Rs 5,500 or Rs 7,500 to the buyers. The money will be transferred to the e-cycle owner’s Aadhaar-linked bank account.

The post Hero Lectro announces a 100% Cashback offer on e-cycles for Independence Day 2022 appeared first on BGR India.



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