Gabriel India Acquires 30% Stake in HL Klemove India for ₹935 Crore
Gabriel India Limited is acquiring a 30% stake in HL Klemove India Private Limited for ₹935 crore. This strategic joint venture aims to expand Gabriel India's presence in high-growth automotive segments like Autonomous Driving Solutions, ADAS, and Automotive Electronics. The partnership will focus on developing and manufacturing advanced mobility solutions.
The acquisition involves a substantial investment and positions Gabriel India to enter and compete in cutting-edge automotive technology segments, which are critical for the future of the industry. This strategic move is expected to significantly impact the company's long-term growth trajectory and market position.
The acquisition of a significant stake in a technology-focused company like HL Klemove India, aimed at expanding into high-growth segments like autonomous driving and ADAS, is a positive development for Gabriel India's future growth and diversification.
Gabriel India Limited has announced the acquisition of a 30% stake (less one share) in HL Klemove India Private Limited for US$98.44 million, approximately ₹935 crore. This strategic joint venture with South Korea-based HL Klemove marks a significant step in Gabriel India's strategy to expand its presence in high-growth automotive segments, particularly Autonomous Driving Solutions, Advanced Driver Assistance Systems (ADAS), and Automotive Electronics.
Through this partnership, Gabriel India will develop, manufacture, and sell a range of advanced mobility solutions, including radar, front cameras, lidar, automated driving and parking control units with embedded ADAS software, as well as automotive electronics products such as brake ECUs, steering ECUs, chassis control units, and torque sensors.
This move aligns with Gabriel India's ongoing diversification strategy, building on previous joint ventures in segments like sunroofs, lubricants, EV fluids, and precision fasteners. The company aims to enhance its competitive position and broaden its participation in the rapidly evolving autonomous driving and automotive electronics space, which is central to the future of mobility.
Mrs. Anjali Singh, Executive Chairperson of ANAND Group and Gabriel India Limited, stated that the joint venture is an important inflection point, enabling Gabriel India to further diversify its portfolio and strengthen its participation in emerging mobility segments.
A plain-language summary of a public exchange filing by Gabriel India Limited. Read the original for the full detail.