Gabriel India Acquires 30% Stake in HL Klemove India for $98.44M

Gabriel India Limited, part of the ANAND Group, has acquired a 30% less one share stake in HL Klemove India Private Limited for US$98.44 million (approximately ₹935 crore). This strategic joint venture aims to expand Gabriel India's presence in high-growth automotive segments, focusing on Autonomous Driving Solutions, ADAS, and Automotive Electronics. The partnership will enable Gabriel India to develop, manufacture, and sell advanced mobility solutions including radar, cameras, lidar, and control units with embedded ADAS software, as well as automotive electronics products. This move aligns with Gabriel India's strategy to diversify its portfolio and enhance its competitive position in the evolving mobility landscape.