TL;DR
French automotive supplier Valeo is investing over €200 million in India to expand its electrification and ADAS portfolio, targeting €700 million in revenues by 2028, with a major partnership with Mahindra & Mahindra for EV components.
French automotive supplier Valeo has announced plans to invest over €200 million in India over the coming years, aiming to nearly triple its India revenues to approximately €700 million by 2028. This substantial investment is part of Valeo's global Elevate 2028 roadmap and underscores the increasing importance of the Indian market, which is currently the fastest-growing automotive market globally, expanding at about 8% annually.
Valeo's strategic focus in India will be on scaling up its electrification and advanced driver assistance systems (ADAS) portfolio. The company has already secured a significant partnership with Mahindra & Mahindra to supply electric powertrains for its 'Born Electric' passenger vehicle platform, along with on-board charger combo units for its electric utility vehicles, representing a total order value close to $1 billion. This move aligns with the evolving vehicle mix in India, where over 60% of new orders are now SUVs and electric vehicles are projected to account for 25% of sales by 2032.
