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Hinduja may buy stake in Valeo


According to Newspaper reports, Hinduja Group is planning to buy a major stake in French auto component manufacturer Valeo in a deal which is estimated to be around Rs 6000 crores. The Indian Company's representatives had a meeting with the top management team of Valeo in Paris recently and talks were in progress.

The deal will provide enormous synergy for Ashok Leyland and Ennore Foundries. Ashok Leyland and Ennore Foundries are Hinduja group companies. Ashok Leyland is the leading manufacturer of commercial vehicles in India & Ennore foundries (now Hinduja Foundries) supplies the components to Ashok Leyland.

Valeo France has operations in 28 countries & had gross revenue of more than USD 15 Billions in the previous year

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