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Valeo, a leading global auto component player, has set-up a new R&D test lab facility in Chennai at an investment of ₹25 crore..
The 15,000-sq ft facility at Navalur on the IT Corridor of Chennai is expected to further strengthen the technical competence of Valeo’s R&D function. The unit will house the test labs of Valeo’s hardware, mechanical and India business R&D divisions, according to a statement.
The test lab facility will provide testing and prototype services to Valeo sites across the globe. It will also enable the Group to locally design and develop solutions for Valeo’s Indian customers.
“The growth potential of the Indian auto sector and the availability of engineering talent pool, makes India a key market for Valeo’s future growth. Started in 2010, the Chennai facility has now become a key contributor and our investment towards the test lab is a strategic step for strengthening our capabilities to enhance the value that we provide to our customers,” Ashok Belani, Group President and Managing Director, Valeo — India, said.
Started in 2010, Valeo’s R&D operations in Chennai employs more than 1,000 engineers. The division plans to increase its headcount to 5,000 by 2023.
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