Gabriel India has struck a joint venture deal with South Korea’s HL Klemove as it accelerates its expansion beyond core components into advanced mobility and automotive electronics.
As part of the transaction, the Anand Group company will buy a 30% minus one share of the total paid up share capital of HL Klemove India for $98.4m.
In a stock exchange filing, Gabriel India said the alliance is a “significant step” in its “strategy to expand its presence across high-growth automotive segments and participate in the growing demand for autonomous driving solutions including advanced driver assistance systems (ADAS), and automotive electronic products through this joint venture”.
The JV will develop, manufacture and market a range of autonomous driving and automotive electronics offerings tailored for India, including radar modules, front cameras, LiDAR, and automated driving and parking control units that integrate ADAS software.
Beyond ADAS hardware and software, the partnership will also produce key electronic control and sensing products used across modern vehicle platforms – such as brake ECUs, steering ECUs, chassis control units and torque sensors.
Gabriel India said the tie-up supports its push into faster-growing auto technology segments, positioning it to capture rising demand for driver-assistance and autonomous-ready solutions.
Anand Group and Gabriel India executive chairperson Anjali Singh said: “Bolstering our position across critical automotive systems while expanding our participation in future-oriented mobility and automotive technology segments, this new JV for autonomous driving and automotive electronics marks an important inflection point, enabling Gabriel India to further diversify its portfolio and strengthen its participation in emerging mobility segments.”
The HL Klemove agreement builds on a broader pattern of Gabriel India teaming up with South Korean automotive suppliers.
In October, SK Enmove – the SK Group’s lubricants business – announced a separate JV with Gabriel India focused on India’s premium lubricants market.
That venture, SK Enmove Gabriel India, is structured with SK Enmove holding 51% and Gabriel India 49%, and will supply lubricants for automotive engines and transmissions, industrial machinery, and EV-specific fluid applications.
