Gabriel India Partners with HL Klemove to Accelerate Expansion in Autonomous Driving and Automotive Electronics

Gabriel India Partners with HL Klemove to Accelerate Expansion in Autonomous Driving and Automotive Electronics​

Gabriel India Limited (GIL), the flagship company of the ANAND Group, has entered a strategic joint venture with South Korea-based HL Klemove. This partnership aims to establish Gabriel India as a key player in the rapidly growing segments of Autonomous Driving Solutions, Advanced Driver Assistance Systems (ADAS), and Automotive Electronic Products, marking a significant acceleration in GIL's transformation into a diversified mobility solutions conglomerate.

Gabriel India Limited will acquire a 30 per cent less one share stake in HL Klemove India Private Limited. The acquisition involves the purchase of 3,78,44,999 equity shares of the Target Company from HL Klemove Corp., a company established under the law of Korea, for US$98.44 million.

Through this joint venture, Gabriel India Limited and HL Klemove India will focus on developing, manufacturing, and selling a comprehensive range of advanced mobility solutions. These products include radar, front cameras, lidar, automated driving and parking control units with embedded ADAS software, as well as critical automotive electronics such as brake ECUs, steering ECUs, chassis control units, and torque sensors.

The move allows Gabriel India to broaden its presence in the evolving mobility landscape. As the automotive industry moves toward safer and smarter mobility, GIL will participate in the high-growth segment supported by HL Klemove, which is noted as one of the select global groups with established development and manufacturing capabilities in autonomous driving technologies.

Commenting on the development, Mr. Mahendra K Goyal, Group Chief Executive Officer of ANAND and Managing Director of Gabriel India Limited, stated that the collaboration will foster deeper Original Equipment Manufacturer (OEM) engagement, expand GIL’s participation in future mobility solutions, and create enduring value for all stakeholders.

Mrs. Anjali Singh, Executive Chairperson of ANAND Group and Gabriel India Limited, emphasized that the joint venture is an important inflection point for the company, enabling Gabriel India to diversify its portfolio and strengthen its position in emerging mobility and automotive technology segments.

Mr. Jaisal Singh, Vice Chairman of ANAND, who spearheads the group’s M&A, noted that the joint venture represents a strategic step toward building scale and enhancing competitiveness across high-growth automotive segments for the ANAND Group.

Gabriel India Limited has been steadily diversifying its portfolio through strategic joint ventures in high-growth segments such as sunroofs, lubricants, EV fluids, and precision fasteners. The partnership with HL Klemove builds upon this momentum, enhancing GIL's competitive edge in the Autonomous Driving and Automotive Electronics space.

Focus on Mobility Technology​

HL Klemove is a South Korea-headquartered autonomous driving and automotive electronics solutions company with expertise spanning perception, decision, and control. The company boasts a portfolio that includes advanced sensing technologies such as radar and cameras, high-performance computing and control units, and ADAS software.

In the Indian market, HL Klemove India maintains a leading position in the autonomous driving sector and is recognized as the first company in the country to localize the production of both ADAS radar and smart cameras.

GABRIEL Stock Price Movement​

As of 12:38 PM, shares of Gabriel India Limited are edging higher to ₹1354.4, gaining 0.62% in live trading after climbing ₹8.40. The stock shows robust activity as it approaches its daily high and trades with a volume of 199,711 shares.