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Gabriel India to form joint venture company with SKEN

07 Oct 2025 Evaluate

Gabriel India has received its Board approval for execution of the Joint Venture Agreement (JVA) with SK Enmove Co. (SKEN) to enable formation of a Joint Venture Company (JV Co.). The company will hold 49% of the total shareholding of JV Co., while rest will be held by SKEN. The Board of Gabriel India has approved an investment of up to Rs 29.40 crore in the equity share capital of the JV Co., in one or more tranches. 

The JV Co. will carry on the business of engineering, designing, developing, manufacturing (including through third party toll blending and contract manufacturing), packaging, import, blending, assembly, marketing, sales and distribution and exports of any type of engine oils (including motorcycle oil, passenger car motor oil, heavy duty diesel oil), e-fluids (electric vehicle fluids), SAO (shock absorber oil), industrial lubricants, greases and e-thermal fluids (thermal management).

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

1012.90 15.00 (1.50%)
17-Apr-2026 16:59 View Price Chart
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