Gabriel India has signed a Technical Collaboration and Alliance agreement with the $1.5 billion Dutch-based Inalfa Roof Systems (Inalfa) to manufacture sunroofs for the fast-growing Indian automotive market. The newly formed Inalfa Gabriel Sunroof Systems (IGSS), which will initially be a wholly owned subsidiary of Gabriel India (gabr.ns), will manufacture sunroofs for PVs at a new plant near Chennai that will start operations in the Q1 of CY 2024 at a projected $22 million investment.
It is intended that IGSS will be converted into a joint venture between Inalfa Roof Systems Group B.V, Netherlands, and Gabriel India, with Inalfa holding 51% shareholding. The alliance will see Gabriel India, a national leader in suspensions, enter a new segment that is fast garnering favour, especially with SUV and younger car buyers.
Gabriel India is a producer and supplier of high quality Ride Control Products for the Indian Automotive Industry participating in all segments i.e. Passenger Cars, Utility Vehicles, Commercial Vehicles and Two Wheelers.
