Valeo has signed a major partnership with Mahindra & Mahindra to supply electric powertrains for vehicles under the automaker’s ‘Born Electric’ platform. The deal, valued close to $1 billion, includes investments of over €200 million in India, with Valeo aiming to triple its sales in the country to €700 million by 2028.
French auto technology giant Valeo has announced a landmark partnership with Mahindra & Mahindra (M&M) to supply advanced electric powertrains for M&M’s upcoming ‘Born Electric’ vehicle platform. The collaboration, with a total order value nearing $1 billion, marks a significant step in India’s EV ecosystem.
Valeo confirmed plans to invest more than €200 million in India over the coming years to expand its manufacturing and R&D footprint. As part of its growth strategy, the company aims to triple its India sales to approximately €700 million by 2028, positioning itself as a key player in the country’s fast-evolving electric mobility market.
Key Highlights
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Partnership: Valeo to supply electric powertrains for Mahindra’s ‘Born Electric’ platform
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Order Value: Close to $1 billion
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Investment Plan: Over €200 million in India for expansion
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Growth Target: Triple India sales to €700 million by 2028
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Strategic Impact: Strengthens India’s EV ecosystem and Valeo’s global footprint
This partnership underscores India’s growing importance in the global EV landscape, with Mahindra leveraging Valeo’s expertise to accelerate its electric vehicle ambitions.
Sources: Reuters, Economic Times, Business Standard