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%.

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http://www.theautochannel.com/news/2007/07/24/055988.html