Gabriel India Teams Up with SK Enmove: ₹294 Million Investment Fuels New Auto Venture

Gabriel India Ltd has entered into a joint venture agreement with South Korea’s SK Enmove, committing to invest ₹294 million in the new company. This strategic partnership aims to expand Gabriel India’s footprint in advanced automotive and e-fluids technologies, strengthening its product portfolio and innovation capabilities.

 

Gabriel India Ltd and SK Enmove propose a JV agreement focused on lubricants and e-fluids business.

 

The company plans to invest ₹294 million in equity capital for the joint venture.

 

The JV will leverage complementary technical and market expertise from both partners.

 

This move aligns with Gabriel India’s broader strategy to diversify and innovate within the auto components sector.

 

Relevant Sources: BusinessUpturn, Rediff Money