Gabriel India has formed a joint venture with South Korea's SK Enmove in order to diversify its product portfolio to include lubricants and engine oils. The strategic partnership represents a significant step in the company's transformation into a diversified automotive systems and components major, expanding beyond its traditional core strength in ride control products.
SK Enmove and Gabriel India will hold 51 and 49 per cent stakes respectively in the JV firm -- SK Enmove Gabriel India.
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.
