Valeo reaffirms its commitment to expanding investments in India

The Asia Mirror
1. Tuesday, June 3, 2025 / 80 Time View

TAM Desk ||

French automotive supplier Valeo has reaffirmed its commitment to expanding investments in India, following a recent meeting between its CEO, Christophe Périllat, and Commerce and Industry Minister Piyush Goyal during the minister’s recent visit to France.

The discussion underscored Valeo’s confidence in India’s economic trajectory and its pivotal role in the global electric vehicle (EV) transition.

Valeo’s Pune facility is central to its operations in India, producing a range of EV technologies for local manufacturers, including Tata Motors and Mahindra & Mahindra. These components cater to various vehicle segments, from two-wheelers and three-wheelers to SUVs. The company anticipates that India’s EV market will grow significantly, with projections suggesting that EVs could comprise nearly 30% of total vehicle sales by 2030, up from approximately 5% in 2023.

Minister Goyal expressed appreciation for Valeo’s continued investment and trust in India’s growth story. He highlighted the government’s commitment to supporting such collaborations, aiming to scale up manufacturing and bolster the country’s position in the global EV landscape.

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