It does not appear to mean that in Arpitan, and since Arpitan is the ancient regional language, would have been a more likely source of ancient names than Italian. Nevertheless, from one angle the highest peak, the Grand Pic du Belledonne allegedly looks like a woman holding a baby.
The passage suggests that the interpretation of the peak's resemblance to a woman holding a baby might be based on a limited understanding of the name's origin, with Arpitan being a more likely source than Italian.