Gabriel India Limited — JV/Acquisition, 21-07-2026: Acquisition

Gabriel India is acquiring a nearly 30% stake in HL Klemove India Private Limited for USD 98.44 million. This strategic move propels Gabriel India into India's high-growth autonomous driving and automotive electronics market. HL Klemove India specializes in advanced products like Radar, Lidar, and various ECUs. This joint venture enhances Gabriel India's product portfolio, positioning it to capitalize on future mobility trends. HL Klemove India reported a turnover of INR 1,048.83 Cr in FY26.