Summary:

L'Oréal intends to more than treble its business in India over the next four years and expand its local production capabilities. CEO Nicolas Hieronimus identified India as a critical strategic market and one of the world’s fastest-growing beauty markets. L'Oréal currently manufactures 95% of its products in India and exports to other regions. The company produces half a billion units annually in India and plans to increase this number. L'Oréal India has been operating since 1994, with brands including L'Oréal Paris, Garnier, Maybelline, and others. Recently, Hieronimus met with India’s Commerce Minister Piyush Goyal and Renault CEO Luca de Meo to discuss trade, investment, and India’s potential in electric vehicle manufacturing.

Source: IBEF

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