Valeo to Invest Over 200 Million Euros to Accelerate India Growth

French auto parts maker Valeo has announced plans to invest more than 200 million euros in India over the coming years as it looks to significantly expand its footprint in one of the world’s fastest-growing automotive markets. The move, unveiled alongside French President Emmanuel Macron’s visit to India, aims to help the company triple its sales in the country to around 700 million euros by 2028.

Valeo said the fresh investments will focus on strengthening its capabilities in new-technology products while increasing localisation across manufacturing and operations. The company is targeting opportunities in both passenger vehicles and small mobility segments, positioning India as a key growth driver alongside China. Analysts noted that India remains a relatively protected car market, making partnerships and local expansion crucial for global suppliers.

In a major boost to its India strategy, Valeo has secured a strategic partnership with Mahindra & Mahindra to supply electric powertrains for vehicles built on the “Born Electric” platform, with total orders nearing $1 billion. Operating in India since 1997, Valeo employs more than 7,500 people in the country, with over half working in engineering roles supporting global research, development and manufacturing operations.

Pic courtesy: google/ images are subject to copyright