Tuesday, 14 August 2007

Valeo Creates a New Joint Venture in India With Minda

Velea has entered into a JV with Minda for the production of Starters and Alternators. THe new company will be called Valeo Minda Electrical Systems and be owned 66,7% by Valeo and the remaining 33,3% by Minda.

Currently the total market for these products are estimated to around 1,5 million units a year with an anual growth rate of app. 9%.

See the full story here: