# 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.

- Type: Acquisition
- Announced: 2026-07-21
- Where: India
- Value: $98.4M (9.48B INR)
- Status: announced
- Products: radar, front cameras, LiDAR, ADAS software, brake and steering electronic control units
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md), [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [HL Klemove](https://endata.com/companies/58193.md) (partner)
- [HL Klemove](https://endata.com/companies/58193.md) (target)
- [Gabriel India](https://endata.com/companies/82535.md) (acquirer)
- [HL Klemove India](https://endata.com/companies/93105.md) (target)

## Sources

- [autocarpro.in](https://www.autocarpro.in/news/gabriel-to-buy-30-percent-stake-in-hl-klemove-india-for-rs-948-crore-133697), 2026-07-21: "This will mark Gabriel's entry into the autonomous driving and automotive electronics business in India."
- [autotechinsight.spglobal.com](https://autotechinsight.spglobal.com/news/5289630/gabriel-india-buys-30-stake-in-hl-klemove-india-for-9844-million), 2026-07-23: "The JV will develop and manufacture autonomous driving and automotive electronics products"
- [auto.economictimes.indiatimes.com](https://auto.economictimes.indiatimes.com/news/auto-technology/gabriel-india-to-invest-935-crore-for-nearly-30-stake-in-south-koreas-hl-klemove-india/133533794), 2026-08-26: "The partnership will expand Gabriel India's presence in ADAS and automotive electronics, with products spanning radar, cameras, lidar and vehicle control systems."
- [outlookbusiness.com](https://www.outlookbusiness.com/corporate/gabriel-india-forms-jv-with-south-koreas-hl-klemove-for-autonomous-driving-technology), 2026-08-26: "This new JV for autonomous driving and automotive electronics marks an important inflection point, enabling Gabriel India to further diversify its portfolio."
- [money.rediff.com](https://money.rediff.com/news/market/gabriel-india-hl-klemove-jv-for-autonomous-driving-tech/53195420260826), 2026-08-26: "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."
- [kalkine.co.in](https://www.kalkine.co.in/article/growth/gabriel-india-nsegabriel-to-acquire-30-stake-in-hl-klemove-india-expanding-automotive-technology-exposure), 2026-08-27: "Gabriel India has entered into agreements to acquire a 30% minus one equity share stake in HL Klemove India Private Limited."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.