Valeo Unveils Ambitious Expansion Plans in Chennai, Targets Rs. 2,000 Crore Investment in India

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French automotive technology leader Valeo is poised to announce extensive expansion initiatives in Chennai, covering manufacturing facilities, aftermarket, and R&D operations during the Tamil Nadu Global Investors Meet 2024. As part of its broader strategy, the company plans to invest approximately Rs. 2,000 crore in India over the next five years. The expansion includes a focus on supporting electrification in small mobility, including two and three-wheelers, from existing facilities and establishing a new facility to expand its product portfolio and incorporate new technologies.

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Note: The above-mentioned news was first published by us in our ProjectX India | 15th January 2024 edition.. Do you want to buy this issue or our latest issue? If yes! click here

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