Valeo (VLOF.PA,VLEEF.PK,VLEEY.PK) said it plans to invest more than 200 million euros in the coming years, to significantly expand its industrial footprint in India. The company believes the investments will enable Valeo as a first step to triple its sales in India to around 700 million euros by 2028, and second to prepare for the next step of high growth beyond 2028.
Christophe Périllat, CEO of Valeo, said: "As India and France deepen their strategic partnership, Valeo continues investments in localization, R&D, and advanced manufacturing to support India's ambition to become a global hub for next-generation automotive technologies."
Shares of Valeo are currently trading at 13.03 euros, down 0.11%.
For comments and feedback contact: editorial@rttnews.com
Business News
April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.