Category: Latest At ANAND

Pune, August 26, 2026: Gabriel India Limited (GIL), the NSE listed flagship company of the $2.2+ billion auto components manufacturer ANAND Group, has entered into a strategic joint venture with South Korea-based HL Klemove, under which Gabriel India will become a strategic shareholder in HL Klemove India Private Limited. The partnership marks a significant step in Gabriel India’s strategy to expand its presence across high-growth automotive segments and participate in the growing demand for Autonomous Driving Solutions including Advanced Driver Assistance Systems (ADAS), and Automotive Electronic Products through this joint venture. As India’s automotive industry advances toward smarter and safer mobility, Autonomous Driving and Automotive Electronics technologies are becoming increasingly important. HL Klemove is amongst a select group of companies globally with established development and manufacturing capabilities in autonomous driving technologies including ADAS and automotive electronic
technologies. With this joint venture company, Gabriel India will participate in this high-growth segment, enabling deeper engagement with automakers and broadening its presence in an evolving mobility landscape. Commenting on this, Mr. Jaisal Singh, Vice Chairman of ANAND who spearheads the group’s M&A, said, “As a key growth engine of the ANAND Group, Gabriel India is focused on building scale, enhancing competitiveness, and broadening its presence across high-growth automotive segments. Our latest joint venture with HL Klemove represents a strategic step forward in this endeavour.”

Mrs. Anjali Singh, Executive Chairperson of ANAND Group and Gabriel India Limited, said, “Bolstering our position across critical automotive systems while expanding our participation in future-oriented mobility and automotive technology segments, this new JV for Autonomous Driving and Automotive Electronics marks an important inflection point, enabling Gabriel India to further diversify its portfolio and strengthen its participation in emerging mobility segments.” Mr. Mahendra K Goyal, Group Chief Executive Officer of ANAND and Managing Director of Gabriel India Limited, said, “Beyond unlocking new opportunities for growth, this collaboration will foster
deeper OEM engagement, expand our participation in future mobility solutions and create enduring value for all stakeholders.”

To form the joint venture, Gabriel India Limited will acquire a 30 per cent less one share stake in HL Klemove India for US$98.44 million (approximately ₹935 crore). Gabriel India Limited will, through HL Klemove India, develop| manufacture| and sell| a range of advanced mobility solutions, including radar, front cameras, lidar, automated driving and parking control units, with embedded ADAS software, as well as automotive electronics products such as
brake ECUs, steering ECUs, chassis control units and torque sensors.

Building a Comprehensive Mobility Platform Over the last few years, Gabriel India Limited has been steadily diversifying its portfolio through strategic joint ventures in high-growth segments such as sunroofs, lubricants, EV fluids and precision fasteners. The partnership with HL Klemove builds on this momentum, broadening Gabriel India’s participation in the rapidly evolving Autonomous Driving and Automotive Electronics space through
HL Klemove India, while enhancing its competitive position and expanding its presence in a segment central to the future of mobility.

About ANAND Group:

Founded in 1961, ANAND is a US$2.2 billion+ (approximately ₹22,000 crore) conglomerate, highly acclaimed in the manufacture of world-class products and systems for the automotive industry. The group comprises 25 operating companies, including 15 joint ventures and 4 technical collaborations and has championed the idea of ‘Make in India’ since its inception 65 years ago. The group designs and manufactures technologically advanced products and solutions in ride control, motors, drive train, climate control, engine cooling, brake systems, sunroofs, sealants and adhesives, electric motors, safety products, and electric power steering, among others for India and the world.
The Group is spread over 87 locations across India and employs more than 22,000 people.

About Gabriel India:

Established in 1961, Gabriel India Limited is the flagship company of the ANAND Group and one of India’s most trusted names in automotive component manufacturing. With a legacy spanning over six decades, Gabriel has evolved as a market leader in ride control products, including shock
absorbers, struts, and front forks, serving every major automotive segment – two and three-wheelers, passenger cars, commercial vehicles, and railways.
With a footprint across 25 countries, including Belgium, the USA, Australia, the Netherlands, Latin America, and Africa, 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 HL Klemove:

HL Klemove is a South Korea-headquartered autonomous driving and automotive electronics solutions company with end-to-end capabilities across perception, decision and control. Its portfolio spans advanced sensing technologies including radar and cameras, high-performance computing and
control units, ADAS software, as well as automotive electronic control products including braking and steering controllers. HL Klemove holds a leading position in Korea’s autonomous driving market and has a strong track record of pioneering ADAS technologies. With more than 2,700 patents and a
global manufacturing and R&D network across Korea, the United States, China, India and Mexico,

the company provides advanced mobility solutions to leading automotive OEMs globally. The company recorded approximately KRW 1.8 trillion in revenue in 2025. In India, HL Klemove India also holds a leading position in the autonomous driving sector and was the first company in the country to localize the production of both ADAS radar and smart cameras.

Inalfa Gabriel Sunroof Systems plans to expand beyond Chennai to meet  strong sunroof demand 

∙ IGSS plans to expand with new facilities in Western and Northern auto hubs in India ∙ The planned expansion aims to support key customers Hyundai Motor India and Kia India  while broadening IGSS’s customer base

Chennai, Tamil Nadu, December 19, 2024: Inalfa Gabriel Sunroof Systems Private Limited (IGSS), a partnership between Inalfa Roof Systems and Gabriel India Limited, the listed flagship of the $2.2-billion ANAND Group, plans to set up new plants in India’s Western and Northern auto hubs to meet the rising demand for sunroofs.

The announcement was made this week by the ANAND Executive Chairperson, Mrs. Anjali Singh, at the first-year anniversary celebration of IGSS’s state-of-the-art facility on the outskirts of Chennai, which is reaching full capacity.

Speaking on the occasion, Mrs. Singh, said: “To meet the rising demand for sunroofs due to the greater premiumisation of the auto sector, IGSS is looking to expand beyond Chennai to other auto hubs, namely the West and North.
We plan to be closer to our valued anchor customers across the country and cater to their needs more efficiently via this planned expansion.”

Mr. Jagdish Kumar, Chairman, IGSS, and Group CFO, ANAND Group, said: “Our first facility in Chennai is nearly operating at its full capacity, delivering high-quality sunroofs to our respected anchor customers Hyundai Motor India and Kia India. Notably, the plant has produced 130,000 sunroofs in just the 11 months of 2024.”
The sunroof market in India is experiencing robust growth, driven by increasing customer demand for premiumisation and SUVs, as well as the growing trend of driving for holidays on a significantly improved highway network. IGSS initially chose Tamil Nadu for the state’s investor-friendly policies.
The growth in the sunroof segment is enabled by the rising popularity of panoramic sunroofs, which offer expansive views and a sense of openness. Technological advancements, such as smart glass technology and electrically operated systems, are also contributing to the market’s expansion.

Mr. Kumar, speaking on the occasion, added: “With the sunroof market set to expand by 40% by 2029, IGSS is well-positioned to capitalise on the growing demand. The plan for new plants shows the commitment we have to continue to be the leading player in the sunroof sector.”

Mr. Georges Andary, CEO, Inalfa Roof Systems, who was visiting the plant for the first-year celebrations, said: “We believe there can be no potential global growth strategy in the automotive business without India at its core. India is one of the largest, most dynamic, and fast-growing automotive markets in the world. Inalfa, in collaboration with Gabriel India, sees major potential for further growth in the sunroof segment.”

About IGSS
Inalfa Gabriel Sunroof Systems Private Limited is a collaboration between Gabriel India Limited, a flagship company of the ANAND Group, and Netherlands-based Inalfa Roof Systems, a global leader in sunroof technology. Operating its first plant near Chennai, Tamil Nadu, set up over a year ago, IGSS manufactures sunroof systems for India’s fast-growing passenger vehicle market, catering to leading OEMs.