Gabriel India has completed a significant strategic investment in South Korea-based HL Klemove through a joint venture structure. According to the latest reports from PTI, Gabriel India will acquire a 30% less one share stake in HL Klemove India Pvt Ltd for USD 98.44 million (approximately ₹935 crore). The transaction involves the purchase of 37,844,999 equity shares from HL Klemove Corp., a South Korean company. The deal was formalized through agreements signed on August 21, 2026, with the purchase of shares scheduled to be consummated on August 24, 2026, subject to mutual written agreement between the parties.
Anjali Singh, Executive Chairperson of ANAND Group and Gabriel India, emphasized the strategic importance of this collaboration. As reported by PTI, Singh stated that the new JV for Autonomous Driving and Automotive Electronics marks an important inflection point, enabling Gabriel India to further diversify its portfolio and strengthen its participation in emerging mobility segments. The partnership aims to bolster Gabriel India's position across critical automotive systems while expanding participation in future-oriented mobility and automotive technology segments.
The joint venture is specifically designed to capitalize on the growing demand for autonomous driving technologies and advanced automotive electronics. According to PTI, this partnership enables Gabriel India to participate in the expanding market for Autonomous Driving Solutions, including Advanced Driver Assistance Systems (ADAS), and Automotive Electronic Products. Through this joint venture, Gabriel India will develop, manufacture, and sell advanced mobility solutions such as radar, front cameras, lidar, automated driving and parking control units with embedded ADAS software, brake ECUs, steering ECUs, chassis control units, and torque sensors. The collaboration represents Gabriel India's strategic move to strengthen its presence in high-growth automotive segments through technology partnerships.
HL Klemove India holds provisional FY26 revenue of around ₹1,049 crore, showcasing an active localized footprint in the Indian market. The Indian advanced driver assistance systems (ADAS) and automotive electronics markets are experiencing unprecedented adoption due to stricter safety standards and rising consumer preference for premium tech in vehicles. Gabriel India reported Q1 FY27 consolidated revenue of ₹1,426 crore, up 13.7% year-over-year. The shares of Gabriel India were trading at ₹1,355.95 per share, representing a 0.72% increase from the previous close on the Bombay Stock Exchange (BSE). As a key growth engine of the group, Gabriel India is focused on building scale, enhancing competitiveness, and broadening its presence across high-growth automotive segments through strategic joint ventures in sunroofs, lubricants, EV fluids and precision fasteners.
On July 21, 2026, Gabriel India appointed Mahendra K. Goyal as the new Group CEO and Managing Director for a five-year term ending July 20, 2031, replacing Atul Jaggi who will serve as MD of the Ride Control business. Goyal emphasized that beyond unlocking new opportunities for growth, this collaboration will foster deeper OEM engagement, expand participation in future mobility solutions and create enduring value for all stakeholders. The dual transactions represent a massive capital commitment of ₹3,166 crore, which is expected to increase near-term balance sheet leverage. While investors must navigate near-term balance sheet risks and equity dilution from promoter share swaps, the long-term positioning of the company as a key supplier of localized ADAS technology in India remains structurally sound.
