French automotive firm Valeo assures continued investment in India after meeting Minister Piyush Goyal

French automotive supplier Valeo has reaffirmed its commitment to continue investing in India following a one-on-one meeting between CEO Christophe Perillat and Commerce and Industry Minister Piyush Goyal during the minister's three-day tour to France.

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The global automotive technology company, headquartered in France, expressed strong optimism about India's economic prospects and the country's electric vehicle transformation.

Valeo's Pune facility is positioned at the forefront of India's EV revolution, supporting the nation's ambitious mobility goals with expanded operations and cutting-edge technologies.

Speaking to ANI after the meeting with Minister Goyal, Perillat conveyed enthusiasm about India's growth trajectory.

"There is a lot of optimism in the Indian economy. We are investing a lot in India. Very happy to share this with the Minister, and we're happy to be there and happy to continue the growth story of Valeo over there," he stated.

The CEO highlighted several factors driving their confidence in the Indian market.