Gabriel India & Faurecia Form Joint Venture for Seating

Gabriel India Limited and Faurecia Automotive Seating India Private Limited have executed a Joint Venture Agreement (JVA) to form Faurecia Anand Seating India Private Limited. This new entity will focus on seat frames and complete seats, leveraging Faurecia's global seating expertise and Anand Group's local footprint. Faurecia will hold a 50% plus 1 share stake, with Gabriel India holding 50% less 1 share. The JV aims to accelerate growth in the Indian automotive market, targeting approximately 10% market share in Seating within five years. This partnership builds on a long-standing relationship between FORVIA and ANAND Group, dating back to 1991.