Gabriel India to form 50:50 JV with Faurecia Automotive Seating India for PV seats
Gabriel India will form a 50:50 joint venture with Faurecia Automotive Seating India to manufacture passenger vehicle seats. The JV, tentatively named Faurecia Anand Seating India Private Limited, will involve an initial investment of ₹20 crore, with Gabriel India contributing approximately ₹10 crore. A further ₹80 crore investment is planned, bringing Gabriel India's total stake to nearly ₹50 crore.
The formation of a joint venture with a significant investment and a new business focus on passenger vehicle seats is a major strategic move for Gabriel India, likely to have a substantial impact on its future operations and market position.
The announcement details a strategic joint venture that expands Gabriel India's business into a new segment of the automotive components industry, indicating growth and diversification.
Gabriel India Limited (Gabriel India) has announced its decision to enter into a Joint Venture (JV) with Faurecia Automotive Seating India Private Limited (FASI). The JV will focus on developing, manufacturing, assembling, marketing, selling, and distributing passenger vehicle seats and their components in India and other mutually agreed countries.
The Board of Directors of Gabriel India, in a meeting held on October 06, 2026, approved the execution of the Joint Venture Agreement (JVA). The proposed JV company, tentatively named Faurecia Anand Seating India Private Limited, will have a shareholding structure where FASI holds 50% plus 1 equity share and Gabriel India holds 50% less 1 equity share.
Initially, an aggregate investment of ₹20 crore is planned. Gabriel India will invest ₹9.99 crore (approximately ₹10 crore), and FASI will invest ₹10 crore and ₹10. The parties will subsequently make an additional aggregate investment of ₹80 crore, with each contributing ₹40 crore. Post-closing, the total paid-up equity share capital of the JV company will be ₹100 crore, with Gabriel India's total investment amounting to approximately ₹49.99 crore.
Following the incorporation of the JV company, several other agreements will be executed, including a Technical Services and Intellectual Property License Agreement with Forvia and Faurecia India, a Management & Corporate Service Agreement with Anand Automotive Private Limited, and another Management & Corporate Service Agreement with FASI. Additionally, a Business Transfer Agreement will be executed for FASI to transfer its existing frames business to the JV company on a slump sale basis.
The JV is expected to be completed by December 31, 2026, or another mutually agreed date. The Board meeting commenced at 8:30 PM and concluded at 9:05 PM on October 06, 2026.
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Gabriel India Limited filed this with the NSE as a statutory disclosure, categorised under joint ventures. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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