Valeo, a French automotive technology company, is planning to expand in Chennai that will include manufacturing facilities, aftermarket operations, and a global technical centre. In the next five years, the company plans to boost its skill pool in the Chennai region by 3,000 people.
The company will boost its personnel in its state-of-the-art production facilities in Tamil Nadu to accommodate rising demand for both its present product line and emerging innovations.
This expansion intends to provide access to Valeo's top-tier automotive products and services, while also catering to the needs of a larger client base across the region.
'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,' said Jayakumar G, Group President and Managing Director, Valeo India, as per media reports.
'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,' he added.
The cutting-edge Global Technical Centre in Chennai acts as a research, development, and innovation hub, bringing together over 3,700 of India's top technical talent. It is fast developing to match Valeo's aggressive growth objectives, particularly in the Electronics and Software domains.