Valeo has formed a joint venture with Anand Group to make lighting systems in India.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
The new company, called Valeo Lighting Systems India, will be majority-owned by the French supplier.
The JV in Chennai (once Madras) will supply headlamps, rear lamps and fog lamps to automakers in India.
Valeo has operated in the fast growing market since 1997 when it created two JVS to make clutches and clutch facings, also in Chennai, where the group has an engineering centre, too.
Two more joint ventures were established in Pune last year; one for security systems, the other making alternators and starter motors.
India produced over 2m vehicles in 2007 and is expected to double output by 2015.
