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Gabriel India signs technical collaboration & alliance agreement with Inalfa

10 May 2023 Evaluate

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.


Gabriel India Share Price

1015.35 2.45 (0.24%)
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