Gabriel India to buy 30% stake in HL Klemove India for Rs 948 crore

Gabriel India will acquire a 30% stake (minus one share) in HL Klemove India from South Korea's HL Klemove for approximately Rs 948 crore (USD 98.44 million), forming a joint venture to develop and manufacture autonomous driving and automotive electronics products in India.

“This will mark Gabriel's entry into the autonomous driving and automotive electronics business in India.”autocarpro.in

• 6 sources
• autocarpro.inGabriel India to buy 30% stake in HL Klemove for Rs 948 crore | Autocar ProfessionalKiran MuraliJul 21, 2026
• autotechinsight.spglobal.comGabriel India buys 30% stake in HL Klemove India for $98.44 million - Automotive Technology Insight | Forecasts | Industry News | Supply ChainJul 23, 2026
• auto.economictimes.indiatimes.comGabriel India to Acquire 30% Stake in HL Klemove India for ₹935 Crore, ETAutoETAuto DeskAug 26, 2026
• outlookbusiness.comGabriel India Forms JV With South Korea's HL Klemove For Autonomous Driving Technology – Outlook BusinessPTIAug 26, 2026
• money.rediff.comGabriel India, HL Klemove JV for Autonomous Driving Tech: Rediff MoneynewsRediff Money DeskAug 26, 2026
• kalkine.co.inGabriel India (NSE:GABRIEL) To Acquire 30% Stake in HL Klemove India | Kalkine IndiaAnjali AnandAug 27, 2026

Summarized from public sources; check the original articles before acting on it.