Gabriel India Limited signs joint venture with SK Enmove, part of the SK Group US $148 Billion- among South Korea's two largest conglomerates

• The JV signals Gabriel India's evolution into a diversified auto systems and components major beyond only suspension and ride control
• Builds on recent expansions into sunroofs, fasteners, solar dampers as well as a strategic restructuring led by the ANAND Group that has been resoundingly welcomed by shareholders and stakeholders alike

PUNE, India and SEOUL, South Korea, Oct. 16, 2025 /PRNewswire/ -- Gabriel India Limited (GIL), the NSE-listed flagship of the $2.4-billion ANAND Group, has announced a landmark joint venture with SK Enmove, a leading Korean energy and lubricants company and a subsidiary of South Korea's SK Group—one of the nation's top two conglomerates with over US$ 250 billion in assets.

This strategic partnership represents a significant step in GIL's transformation into a diversified automotive systems and components major, expanding beyond its traditional core strength in ride control products. The JV positions GIL to enter India's fast-growing ₹40,000 Cr. lubricants and EV fluids market that is projected to witness steady growth with rising vehicle and EV adoption.

'SK Enmove Gabriel India,' where SK Enmove will hold a 51% stake with GIL the remaining 49%, will leverage the existing strengths and operations of both partners, aiming to secure an immediate and robust presence in the automotive fluids segment. This includes the establishment of a greenfield facility and also involves the acquisition of SK Enmove's existing India operations, providing an immediate foothold.

Building on GIL's strong brand equity, deep OEM relationships, and extensive aftermarket distribution network, the new JV company is poised to scale rapidly in the Indian market, starting this December.

This move follows GIL's recent diversification initiatives, including its JV with Korea's JINHAP for automotive fasteners; a partnership with Dutch-based Inalfa Roof Systems for sunroofs and its entry into the renewables space through solar dampers. GIL has also expanded into the European bicycle market with its suspension products.

"Gabriel India stands at the threshold of a historic transformation—from a leader in world-class suspensions to an emerging automotive systems and components powerhouse with a rapidly expanding portfolio across multiple segments of the mobility ecosystem," said, Mrs. Anjali Singh, Executive Chairperson of Gabriel India and the ANAND Group.