Valeo To Invest $236.7 Million To Expand Sales In India

23 Feb 2026 CW Team

French car parts manufacturer Valeo said it would invest $236.7 million (mn) to expand its sales and operations in India, a move announced during visits associated with the state visit by French President Emmanuel Macron. The company added that it plans to deploy more than 200 mn euros to increase its footprint and aims to treble its sales in India to around 700 mn euros by 2028. The announcement was framed as part of a broader push by French firms to secure new deals and deepen commercial ties with Indian partners.

Valeo said it would focus on developing strong competencies in new-technology products in India and progressively increase localisation across manufacturing and operations to meet domestic demand in both the passenger vehicle and small mobility segments. The company indicated that it will significantly expand its engineering centres and industrial footprint in the country as part of the investment plan. Senior management described India as a strategic pillar of Valeo's global growth and innovation roadmap.

The group also disclosed it had been selected to supply electric powertrains for a range of vehicles under the Born Electric passenger vehicle platform of Mahindra & Mahindra, with the strategic partnership carrying a total order value close to $1 billion (bn). Valeo said the contract would support its electrification strategy and help address the needs of local vehicle makers and mobility providers. The arrangement was presented as a major element of the group's India strategy.

Valeo, which has operated in India since 1997, currently employs more than 7,500 people in the country and said the new investments would support job creation and skill development. The disclosure cited the recent India–European Union agreement on tariff reductions as a favourable backdrop that could boost two-way trade and investment flows. The company reiterated its commitment to local manufacturing, engineering expansion and long-term engagement in the Indian market.

Infrastructure Urban

20 Mar 2026

Lemon Tree Hotels Signs Resort In Lonavala Maharashtra

Lemon Tree Hotels Limited (LTHL) has signed a licence agreement for Lemon Tree Resort in Lonavala, Maharashtra, with the asset to be managed by Carnation Hotels Private Limited, a wholly owned subsidiary of LTHL. The resort will offer 50 well appointed rooms and will include a restaurant, banquet, meeting room, swimming pool, spa and fitness centre. The company described the addition as part of its strategy to expand branded resort offerings in key getaway destinations. Lonavala, located in the Sahyadri hills, is a popular leisure destination in western India known for scenic landscapes and a ..

Kalai Chettinad Art And Architecture Festival At The Lotus Palace

The Lotus Palace Chettinad will host Kalai, the Chettinad Art and Architecture Festival, a four-day, three-night immersive celebration of the artistic legacy of Chettinad from three to six April 2026. The event has been organised by Apeejay Surrendra Park Hotels Limited (ASPHL) and will take place across restored heritage properties in Chettinad. It will be designed to offer guests a layered experience of place, structure and story that connects art, architecture and living traditions. The festival aims to present a confluence of global influences and local aesthetics. Kalai has been curated i..

SJVN Reaches One bn Units At 1,000 MW Bikaner Solar Project

SJVN Limited (SJVN) has reached a milestone with its 1,000 megawatt (MW) Bikaner Solar Power Project by generating one bn units of electricity on 20 March 2026. The achievement underscores the company's role in supplying clean and sustainable energy to the national grid. The generation milestone was recorded within months of the project commencing operations and highlights rapid performance from the new facility. The Bikaner project, located in Bikaner district of Rajasthan, has been developed and implemented by SJVN Green Energy Limited (SGEL) under the Central Public Sector Undertaking Schem..