Valeo to invest €200 million in India expansion

French automotive technology company Valeo has announced plans to invest more than €200 million in India over the next three years to accelerate its expansion in electrification and advanced driver assistance systems (ADAS). The investment forms part of the company’s global Elevate 2028 strategy, aimed at strengthening its technology portfolio. CEO Christophe Périllat reaffirmed the company’s long-term growth commitment to India, citing the country’s rapidly evolving technology landscape.

A significant portion of the investment will be directed toward Valeo’s electrification business, which includes electric motors, onboard chargers, inverters, and battery cooling systems. The company is expanding manufacturing capacity and localisation efforts at its plants in Pune and Chennai to support growing demand for electric vehicle components.

Valeo is also increasing local production of ADAS technologies such as parking sensors, cameras, and radar systems, driven by rising safety standards and growing SUV demand in India. Under its “local-for-local” strategy, the company aims to manufacture most products sold in India within the country.

Valeo operates six production facilities across Pune, Chennai, and Sanand, employing more than 7,000 people. The company is also expanding into the two-wheeler segment and is collaborating with Hero MotoCorp to develop advanced rider assistance systems. Valeo aims to increase its India revenue to around €700 million by 2028.