French automotive supplier Valeo has announced plans to invest over €200 million ($236.7 million) in India over the coming years, aiming to significantly expand its engineering and manufacturing footprint in the country. The announcement coincides with French President Emmanuel Macron’s visit to India, which is expected to strengthen business ties and unlock new commercial agreements.
Valeo said the fresh investment is designed to triple its India sales to around €700 million by 2028, positioning the country as a key pillar in its global growth and innovation roadmap. The company plans to enhance its engineering centers and scale up industrial operations to meet rising demand, particularly in the electric mobility segment.
In a major boost to its India ambitions, Valeo has been selected by Mahindra & Mahindra to supply electric powertrains for vehicles under the automaker’s ‘Born Electric’ passenger vehicle platform. The strategic partnership carries a total order value of nearly $1 billion, underscoring Valeo’s growing role in India’s EV ecosystem.
CEO Christophe Perillat reaffirmed the company’s commitment to deepening its presence in India, highlighting the market’s long-term potential in automotive innovation and electrification.
