Valeo Set On An Expansion Path

Mobility Outlook Bureau
05 Jan 2024
08:00 AM
2 Min Read

It hopes to provide enhanced accessibility to its top-tier automotive products and services.

Valeo Set On An Expansion Path mobility outlook

Valeo, an automotive technology company, is going in for expansion.

Besides the expansion of its manufacturing facilities and aftermarket operations, the company is also planning to increase the talent pool of its global technical centre.

To meet the growing demand, Valeo will increase its workforce in its state-of-the-art production facilities in Tamil Nadu, both for expansion of its current product portfolio as well as new technologies. Valeo's aftermarket operations will witness substantial growth through expanded distribution networks and service centres in Tamil Nadu. Through its expansion, the company hopes to provide enhanced accessibility to its top-tier automotive products and services. Its Global Technical Centre in Chennai serves as a hub for research, development and innovation and brings together over 3,700 top engineering talent from across India. It is expanding rapidly to meet Valeo’s ambitious growth plans especially in the electronics and software domains. Valeo plans to increase its talent pool by 3000 in the Chennai region in the next five years.

'Over the last few years, the company has increased its investment significantly in establishing state-of-the-art labs and protoshops and this centre now has world-class lab facilities for automotive test and validation. R&D engineers from India have contributed to more than 365 patent first filings to date and the number continues to grow,' said a release.

As mobility is becoming more electric and more connected, Valeo offers solutions to support these trends in the Indian market. Valeo works with all mobility actors to deliver solutions for electric mobility in India. In 2020, Valeo launched a fully integrated compact 48V electric powertrain system to aid affordable electrification for small mobility vehicles like 2- and 3-wheelers that are extensively used for first- and last-mile connectivity in India. More recently, the Group has been chosen by Mahindra & Mahindra (M&M), India’s leading SUV manufacturer, to provide the electric powertrain for a certain range of their ’Born Electric‘ passenger vehicle platform and on-board charger combo for their electric utility vehicles.

“We have been in the state of Tamil Nadu for over 25 years and expanded our diverse product portfolios in manufacturing. Also in the last 15 years we have established a global tech centre for our R&D and software activities, which is testament to the talent available in Chennai. We further plan to expand our operations and R&D in the upcoming years. I would like to thank the government for the continued support in our growth plan and for the State's conducive business ecosystem, proactive industrial policies, skilled talent pool, robust infrastructure and its commitment to fostering technological advancements in the state,' said G. Jayakumar, Group President & Managing Director, Valeo India, in a release.

In India, Valeo started its footprint in 1997 in Chennai for manufacturing clutch and friction facing materials. With the first R&D centre established in Chennai in 2005 for powertrain systems, Valeo went on to expand with the lighting division, thermal systems, wiper division, vision systems software division and Valeo service.

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