Gabriel India Makes ₹935 Crore Mega Bet On Autonomous Driving, Partners With South Korea’s HL Klemove In Joint Venture
New Delhi: Auto components maker Gabriel India Ltd on Wednesday said it has entered into a joint venture with South Korea-based HL Klemove to expand presence in the growing demand for autonomous driving solutions, including advanced driver assistance systems and automotive electronic products. Under the joint venture, Gabriel India, the flagship firm of the USD 2.2 billion auto components…
Auto components firm Gabriel India has entered into a joint venture with South Korea's HL Klemove to capitalize on the burgeoning market for autonomous driving solutions. This partnership, announced on August 26, 2026, will see Gabriel India become a strategic shareholder in HL Klemove India Pvt Ltd, acquiring a 29.99% stake for ₹935 crore (approximately USD 98.44 million).
The joint venture will focus on advanced driver assistance systems (ADAS) and automotive electronic products, aligning with Gabriel India's strategy to diversify its portfolio and strengthen its presence in high-growth automotive segments. ANAND Group and Gabriel India Ltd's Executive Chairperson Anjali Singh highlighted that this joint venture marks a pivotal moment, allowing the company to expand its involvement in future-oriented mobility and automotive technology.
Gabriel India's Vice Chairman, Jaisal Singh, emphasized that the venture is a crucial growth engine for the group, aiming to enhance competitiveness and broaden its reach in emerging mobility segments.
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