Strategic Growth in India’s Deep Transformation Phase
Valeo is capitalizing on India’s rapidly evolving automotive market, targeting a sales increase from €220 million in 2024 to approximately €700 million by 2028. The company identifies India entering a “deep transformation phase” driven by the surge in electric vehicles (EVs), advanced driver assistance systems (ADAS), and premium lighting. This strategic growth is part of Valeo’s broader Elevate 2028 plan, which aims to steadily improve profits, generate higher cash flows, and return to sales growth globally.
Expanding Production and Engineering Capabilities in Pune
Valeo’s Pune facility plays a pivotal role in supporting India’s EV revolution by manufacturing components for two-wheelers, three-wheelers, and passenger vehicles. Recent expansions of over 7,000 square meters have enhanced production capacity, including the manufacturing of the innovative Valeo 3-in-1 combo unit integrating onboard charger, DC-DC converter, and power distribution. The plant is also preparing to produce high-voltage eAxles for major Indian SUV manufacturers, reflecting its commitment to advanced electrification solutions.
Commitment to Innovation and Skilled Workforce Growth
To meet increasing demand and technological advancements, Valeo plans to double its engineering team in Pune by 2029, currently employing over 200 skilled engineers. The company emphasizes innovation in EV technologies and upskilling of its workforce, aiming to maintain high customer satisfaction and lead the Indian EV market. This focus underpins Valeo’s ambition to strengthen its presence not only in India but also in other key global markets as part of its Elevate 2028 objectives.
