- The joint venture marks Gabriel India’s evolution into a diversified automotive systems and components company beyond just suspension and ride control.
- Building on recent expansions in the areas of sunroofs, fasteners and solar dampers as well as a strategic restructuring led by ANAND Group which has been warmly welcomed by shareholders and stakeholders.
PUNE, India and SEOUL, South Korea, October 17, 2025 /PRNewswire/ — Gabriel India Limited (GIL), the NSE-listed flagship of the $2.4 billion ANAND Group, announced a landmark joint venture with SK Enmove, a leading Korean energy and lubricants company and a subsidiary of South Korea’s SK Group, one of the country’s two largest conglomerates with over $250 billion in assets.
This strategic partnership represents an important step in GIL’s transformation into a diversified automotive systems and components company, expanding beyond its traditional core business in drive control products. The JV positions GIL to enter the fast-growing 40,000 Cr Indian market. electric vehicle lubricants and fluids market expected to witness steady growth with the increasing adoption of electric vehicles and vehicles.
‘SK Enmove Gabriel India’, where SK Enmove will hold 51% stake and GIL the remaining 49%, will leverage the existing strengths and operations of both partners, with an aim to ensure an immediate and strong presence in the automotive fluids segment. This includes the establishment of a new facility and also involves the acquisition of SK Enmove’s existing operations in India, providing immediate foothold.
Leveraging GIL’s strong brand image, close relationships with OEMs and extensive aftermarket distribution network, the new joint venture is poised to expand rapidly in the Indian market starting this December.
This decision follows GIL’s recent diversification initiatives, notably its JV with Korean JINHAP for automotive fasteners; a partnership with the Dutch company Inalfa Roof Systems for opening roofs and its entry into the field of renewable energies thanks to solar dampers. GIL has also expanded into the European bicycle market with its suspension products.
“Gabriel India stands on the cusp of a historic transformation: from a world-class suspension leader to an emerging automotive systems and components powerhouse with a rapidly expanding portfolio across multiple segments of the mobility ecosystem. » said Ms. Anjali Singh, Executive Chairman, Gabriel India and ANAND Group.
Speaking on the signing of the joint venture, Mr. Jaisal Singh, Vice Chairman of ANAND who heads the group’s mergers and acquisitions, said: “This new joint venture with the prestigious SK Group of Korea, through SK Enmove, is an important milestone in our growth and diversification journey, bringing the best technologies and businesses to India. It positions our flagship product, Gabriel India Limited, to offer a wider range of world-class solutions across a broad spectrum of the automotive sector and beyond, building on decades of excellence and trust that has been our hallmark with our shareholders and customers ever since. 1961.”
“With products designed for both ICE and EV applications, we are well positioned to offer a diverse range to our customers across the mobility spectrum,” added Mr. Singh.
Mr. Kim Wone-kee, CEO of SK Enmovesaid, “Through this strategic cooperation with ANAND Group, SK Enmove will become a leading brand in the Indian lubricants market.
Through this JV, Gabriel India – having reported a consolidated turnover of ₹4063 Cr. in FY 2024-25, up nearly 20% YoY – will enter into end-to-end manufacturing and distribution of a comprehensive range of products, including engine oils, electric vehicle fluids, shock absorber oils, industrial lubricants, greases and electronic thermal fluids.
This JV with SK Enmove reinforces GIL’s commitment to innovation, growth and leadership in emerging automotive segments.
The joint venture agreement was signed on October 15, 2025 at SK Enmove Headquarters in Seoul, South Korea, in the presence of Ms. Anjali Singh, Executive Chairman of Gabriel India Limited, Mr. Jaisal Singh, Vice Chairman of ANAND, and Mr. Mahendra Kumar Goyal, CEO of ANAND.
About ANAND Group
Founded in 1961, ANAND is a US$2.4 billion conglomerate highly regarded in manufacturing world-class products and systems for the automotive industry. The group comprises 31 operating companies, including 13 joint ventures and 4 technical collaborations, and has championed the idea of “Make in India” since its inception. The group designs and manufactures technologically advanced products and solutions in the areas of ride control, engines, transmission, air conditioning, engine cooling, braking systems, sunroofs, sealants and adhesives, electric motors, safety products and electric power steering, among others for India and the world.
The Group is spread across 75 sites in India and employs more than 21,000 people.
About Gabriel India
Established in 1961, Gabriel India Limited is the flagship company of the ANAND Group and one of the most trusted names in India in the field of automobile component manufacturing. With a heritage spanning over six decades, Gabriel has become a market leader in ride control products, including shock absorbers, struts and front forks, serving all major automotive segments: two and three wheelers, passenger cars, commercial vehicles and railways.
Gabriel India’s products are manufactured in nine state-of-the-art factories, supported by three satellite facilities, with a cumulative production capacity of 60 million units per year. With a presence in 25 countries and trusted partnerships with leading OEMs, including those in the growing electric vehicle (EV) segment, Gabriel continues to be at the forefront of India’s mobility revolution.
About SK Enmove
SK Enmove is one of Korea’s leading energy and lubricant companies and a subsidiary of SK Group, one of South Korea’s largest conglomerates with more than $250 billion in assets. A global leader in premium lubricants and energy solutions, SK Enmove serves various industrial and automotive applications across multiple geographies. Its innovative products and technologies are trusted by OEMs and consumers around the world.
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