French Auto Giant Valeo Commits $236.7 Million Expansion Fund for India

French auto components major Valeo has unveiled an ambitious India growth strategy, committing over €200 million in fresh investments to significantly scale its operations and revenues in the country, as per Reuters. 

Expansion Plan and Sales Target 

The company intends to deploy more than €200 million, equivalent to approximately $237 million, over the coming years to deepen its industrial footprint in India. The objective is to triple its local revenues to nearly €700 million by 2028. 

Operating in India since 1997, Valeo currently employs over 7,500 people. The expansion will focus on strengthening engineering capabilities, accelerating localisation across manufacturing operations, and building competencies in next-generation automotive technologies. The group is targeting both the passenger vehicle and small mobility segments as key growth drivers. 

Valeo CEO Christophe Perillat said, “India is a key pillar of Valeo's global growth and innovation roadmap, and we are committed to significantly expanding our engineering centers and industrial footprint.” 

Mahindra Partnership and EV Push 

Valeo has also secured a strategic mandate from Mahindra & Mahindra to supply electric powertrains for its “Born Electric” passenger vehicle platform.  

The total order value for this partnership is close to $1 billion, marking a major boost to the company’s electrification portfolio in India. 

The announcement comes during French President Emmanuel Macron’s visit to India, a trip expected to strengthen commercial ties between the 2 countries.  

Recently, India and the European Union concluded a long-pending trade agreement aimed at lowering tariffs on most goods to enhance bilateral trade flows and reduce dependency on the US market. 

Read More: Indian Auto Industry Expected to Record 3–6% Volume Growth in FY2026–27, Says ICRA! 

Conclusion 

With a €200 million investment roadmap, a $1 billion EV order pipeline, and an aggressive €700 million sales target, Valeo is positioning India as a central growth engine in its global strategy. 

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