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Gabriel India Limited (GIL), the NSE-listed flagship company of the USD 2.2+ billion ANAND Group, has entered a strategic joint venture with South Korea-based HL Klemove. Under the agreement, Gabriel India will become a strategic shareholder in HL Klemove India Private Limited.
The partnership positions Gabriel India in Autonomous Driving Solutions, including Advanced Driver Assistance Systems (ADAS) and automotive electronic products. HL Klemove is among a select group of companies globally with established development and manufacturing capabilities in these technologies.
Gabriel India will acquire a 30% less one share stake in HL Klemove India for USD 98.44 million (approximately INR 935 crore). Through the joint venture, it will develop, manufacture and sell mobility solutions including radar, front cameras, lidar, and 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.
“As a key growth engine of the ANAND Group, Gabriel India is focused on building scale, enhancing competitiveness, and broadening its presence across high-growth automotive segments,” said Jaisal Singh, Vice Chairman of ANAND. “Our latest joint venture with HL Klemove represents a strategic step forward in this endeavour.”
The partnership builds on Gabriel India’s recent diversification through joint ventures in sunroofs, lubricants, EV fluids and precision fasteners.
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