Gabriel India Limited has entered into a strategic joint venture with South Korea’s HL Klemove, acquiring a 30% less one share stake in HL Klemove India Private Limited for US$98.44 million. This move is a significant step in Gabriel India’s strategy to expand into high-growth automotive segments like Autonomous Driving Solutions and Automotive Electronics. The joint venture will develop and manufacture advanced mobility solutions, including ADAS technology.
Strategic Joint Venture in Autonomous Driving
Gabriel India Limited (GIL), the flagship company of the ANAND Group, has officially announced a strategic joint venture with South Korea-based HL Klemove. Under this agreement, Gabriel India will acquire a 30% less one share stake in HL Klemove India Private Limited, marking a substantial investment of US$98.44 million (approximately ₹935 crore).
Expansion into High-Growth Mobility Segments
This partnership signifies Gabriel India’s aggressive strategy to penetrate and grow within high-demand automotive sectors, specifically Autonomous Driving Solutions and Automotive Electronics. The joint venture aims to leverage HL Klemove’s established expertise in developing and manufacturing autonomous driving technologies, including ADAS (Advanced Driver Assistance Systems) and automotive electronic control products.
Future Product Portfolio
Through HL Klemove India, Gabriel India Limited is set to develop, manufacture, and sell a range of advanced mobility solutions. These will include critical components such as radar, front cameras, lidar, automated driving and parking control units embedded with ADAS software, as well as automotive electronics like brake ECUs, steering ECUs, chassis control units, and torque sensors. This diversification is expected to bolster Gabriel India’s position in the evolving mobility landscape.
Strategic Rationale and Leadership Comments
Mr. Jaisal Singh, Vice Chairman of ANAND, highlighted that this joint venture is a key growth engine for the ANAND Group, focusing on building scale and enhancing competitiveness. Mrs. Anjali Singh, Executive Chairperson of ANAND Group and Gabriel India Limited, stated that the JV represents an important inflection point, enabling Gabriel India to diversify its portfolio and strengthen its presence in emerging mobility segments. Mr. Mahendra K Goyal, Group Chief Executive Officer of ANAND, added that the collaboration will foster deeper OEM engagement and create enduring value.
About the Partners
The ANAND Group is a US$2.2 billion conglomerate with a strong legacy in automotive component manufacturing. Gabriel India Limited, established in 1961, is a leading player in ride control products. HL Klemove is a South Korea-headquartered company specializing in autonomous driving and automotive electronics solutions, possessing end-to-end capabilities in perception, decision, and control, with a robust patent portfolio and global R&D presence.
Source: BSE
