Gabriel India, South Korea’s HL Klemove form JV for autonomous driving

New Delhi: Gabriel India Limited (GIL), the NSE listed flagship company of the $2.2+ billion auto components manufacturer ANAND Group, has entered into a strategic joint venture with South Korea-based HL Klemove to manufacture and sell autonomous driving solutions in the country.

To form the joint venture, Gabriel India Limited will acquire a 30% less one share stake in HL Klemove India for $ 98.44 million (approximately Rs 935 crore).

Gabriel India Limited will, through HL Klemove India, 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.


The partnership marks a significant step in Gabriel India'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, the company said in a statement.

Jaisal Singh, Vice Chairman of ANAND who spearheads the group’s M&A, said, “As a key growth engine of the ANAND Group, Gabriel India is focused on building scale, enhancing competitiveness, and broadening its presence across high-growth automotive segments. Our latest joint venture with HL Klemove represents a strategic step forward in this endeavour.”

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.

Anjali Singh, Executive Chairperson of ANAND Group and Gabriel India Limited, said, “Bolstering our position across critical automotive systems while expanding our participation in future-oriented mobility and automotive technology segments, this 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.”