Gabriel India has entered into a strategic joint venture with South Korea-based HL Klemove, under which the company will become a strategic shareholder in HL Klemove India. The partnership marks a significant step in the company's strategy to expand its presence across high-growth automotive segments and participate in the growing demand for Autonomous Driving Solutions including Advanced Driver Assistance Systems (ADAS), and Automotive Electronic Products through this joint venture. To form the joint venture, the company will acquire a 30% less one share stake in HL Klemove India for $98.44 million (around Rs 935 crore).
As India's automotive industry advances toward smarter and safer mobility, Autonomous Driving and Automotive Electronics technologies are becoming increasingly important. HL Klemove is amongst a select group of companies globally with established development and manufacturing capabilities in autonomous driving technologies including ADAS and automotive electronic technologies. With this joint venture company, the company will participate in this high-growth segment, enabling deeper engagement with automakers and broadening its presence in an evolving mobility landscape.
The company, through HL Klemove India, will develop, manufacture and sell a range of advanced mobility solutions, including radar, front cameras, lidar, 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.
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.
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