India: Valeo buys 100% of electrical systems business

Valeo has announced that it has acquired an additional 33.3% stake in its electrical systems manufacturing venture based in Pune, India, thereby taking its holding to 100%. Valeo previously held a 66.7% stake and the N.K. Minda Group 33.3%. The company, which produces alternators and starters for passenger cars, will be It’s time to log in … Continued

• By Webmaster
• May 20, 2010