Gabriel India Limited — Updates, 24-01-2025: Press Release

Gabriel India has announced a strategic acquisition of assets from Marelli Motherson Auto Suspension Parts Private Limited (MMAS). This move, formalized through an Asset Purchase Agreement, aims to enhance Gabriel India's position in the suspension business and expand its product portfolio. The Pune-based MMAS specializes in passive shock absorbers and related products for cars and commercial vehicles.

In addition to the acquisition, Gabriel India plans to enter into a License Agreement and a Technical Assistance Agreement with Marelli Suspension Systems Italy S.p.A. This is anticipated to bolster its advanced suspension offerings to original equipment manufacturers (OEMs). The acquisition is expected to significantly increase Gabriel’s manufacturing capacity by 3.2 million shock absorbers and 1 million gas spring units annually, reflecting a focused strategy on growth and innovation to deliver value to shareholders.