Valeo gains 100% of its electrical systems entity in Pune

Valeo announced that it now owns 100% of the capital in its electrical systems manufacturing entity based in Pune, India, where it 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 named Valeo Engine and Electrical Systems India Private Ltd. This transaction is in line with Valeo's strategy to reinforce its presence in highgrowth emerging countries. Valeo plans to devote over 60% of its investments to these countries in order to reinforce its positions, notably in China, India, Brazil, ASEAN, Russia and Turkey. The company also said that the production of lighting systems and wiper systems will be launched in India later this year.Sneakers