Valeo to invest €200m in India under Elevate 2028 plan

Investment Plans - Valeo plans to invest more than €200 million ($236.8 million) in India to expand its electrification, advanced driver assistance systems (ADAS), and artificial intelligence (AI) engineering activities under its Elevate 2028 strategy [1] - The company aims to triple its local revenue to about €700 million by 2028 [1] Electrification Initiatives - Valeo has started operations at a new facility in Pune dedicated to e-axle lines for a Mahindra & Mahindra electric vehicle project, with total orders approaching $1 billion [2] - The company will supply electric powertrain systems for Mahindra's 'Born Electric' passenger platform and on-board charger combo units for electric utility vehicles [2] Strategic Importance of India - Valeo's CEO, Christophe Périllat, emphasized that India is a key pillar of the company's global growth and innovation roadmap, highlighting the remarkable transformation in the Indian automotive sector driven by electrification and sustainable mobility [3] - Valeo has formed a collaboration with Atul Greentech and Honda Power Pack Energy India targeting electric three-wheelers, combining battery technology and compact powertrains [3] R&D and Manufacturing Expansion - Valeo is increasing the scope of its Chennai R&D center for software development, AI-enabled engineering, and validation for global electrification and ADAS projects [4] - New camera production lines at the Sanand plant in Gujarat are scheduled to begin by mid-2026, enhancing the manufacturing capabilities for ultrasonic sensors [4] Partnerships and Workforce - Valeo is collaborating with French tech group 2CRSi to develop liquid-cooling solutions for edge data centers in India, including systems for outdoor and 5G infrastructure [5] - The Chennai Group Technical Centre and a satellite site in Bangalore employ over 3,300 engineers, with expanded in-house laboratory testing and validation capacity [5]