French auto parts giant Valeo has unveiled plans €200 million investment in India in the forthcoming years, aiming to triple its revenue in the country to approximately €700 million by 2028, according to CEO Christophe Périllat.
Périllat emphasized the significance of the Indian market, noting its status as the world’s fastest-growing automotive sector, expanding at an annual rate of 8%. He highlighted the evolving vehicle mix, with SUVs comprising over 60% of new orders, and anticipated growth in electric vehicle sales from 4% to 25% by 2032.
Valeo’s strategy aligns with these shifts, leveraging its expertise in technology and electronics. Currently, India contributes about 1% to Valeo’s global sales, a figure expected to rise to 6-7%, reflecting India’s share in the global automotive landscape.
Under its ‘Local for Local’ policy, Valeo manufactures auto parts domestically, with six plants across India. The company has achieved 50% localization in its power segment and plans to expand into two and three-wheeler markets through a partnership with Hero MotoCorp to develop Advanced Rider Assistance Systems.
Valeo has also secured a significant role in Mahindra & Mahindra’s ‘Born Electric’ platform, supplying electric powertrains and on-board chargers, an agreement valued at close to $1 billion. Moreover, Valeo’s venture into data cooling centers for telecom operators in India is set to launch by the year’s end, potentially opening new business avenues.
Published in SouthAsianDesk, February 19th, 2026
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