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3.4.12
Wheelsology
Anand, India has recently signed a new joint-venture agreement with the Valeo Group to set up a company specially dedicated to the aftermarket - Valeo Service India Auto Parts Private Limited.
Valeo Service India Auto Parts, located at Chennai in the state of Tamil Nadu, will
distribute automotive products produced by the manufacturing companies of the two groups in the independent aftermarket across India, under the ‘Valeo’ brand name.
This new joint-venture company is slated to market the largest range of automotive components in India, deploying international best practices in marketing and aiming to create a world class supply chain process and logistics infrastructure.
Valeo and Anand already have an existing joint-venture for manufacturing and marketing friction material for clutch systems in cars, commercial vehicles and agricultural tractors - Valeo Friction materials India Limited.
The new joint-venture will further strengthen the partnership between the two groups.
Valeo Service India Auto Parts, located at Chennai in the state of Tamil Nadu, will
distribute automotive products produced by the manufacturing companies of the two groups in the independent aftermarket across India, under the ‘Valeo’ brand name.
This new joint-venture company is slated to market the largest range of automotive components in India, deploying international best practices in marketing and aiming to create a world class supply chain process and logistics infrastructure.
Valeo and Anand already have an existing joint-venture for manufacturing and marketing friction material for clutch systems in cars, commercial vehicles and agricultural tractors - Valeo Friction materials India Limited.
The new joint-venture will further strengthen the partnership between the two groups.
Posted in: Accessories,Aftermarket,Anand,Automotive Components,Chennai,Friction Materials,Joint-Venture,Tamil Nadu,Valeo,Valeo Group,Valeo Service India Auto Parts Private Limited
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