# Gabriel India unveils ₹3,166-crore plan to acquire stakes in HL Mando and HL Klemove India

Gabriel India announced Project Jupiter, a ₹3,166-crore plan to acquire 28.99% of HL Mando Anand India for ₹2,231 crore and 30% minus one share of HL Klemove India for $98.44 million (about ₹935 crore), deepening its Korean technology ties.

- Type: Acquisition
- Announced: 2026-07-22
- Where: India, India
- Value: $380.0M (31.7B INR)
- Status: announced
- Products: steering systems, braking systems, suspension systems, radars, cameras, ADAS control units
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Gabriel India](https://endata.com/companies/82535.md) (acquirer)
- [HL Klemove India](https://endata.com/companies/93105.md) (target)
- [HL Mando Anand India](https://endata.com/companies/93130.md) (target)

## Sources

- [thehindubusinessline.com](https://www.thehindubusinessline.com/companies/gabriel-india-unveils-3166-crore-project-jupiter-for-korean-linked-hl-mando-klemove-stakes/article71251030.ece), 2026-07-22: "These investments strengthen Gabriel India's position as a comprehensive mobility platform by bringing together complementary capabilities across the automotive value chain."

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