Jan 24, 2025ACQUISITIONPune, India Samvardhana Motherson sells JV stake to Gabriel India for Rs 60 crore
Samvardhana Motherson International approved the sale of fixed assets and inventory of its joint venture Marelli Motherson Auto Suspension Parts to Gabriel India for approximately Rs 60 crore. The transaction is expected to be completed by the April-June quarter of 2025-26.
Capacity
3.2 million shock absorbers and 1 million gas spring units annually
Productssuspension componentsshock absorbersstrut assembliesgas liftersdampersdoor balancers
“After multiple years of operation, both JV partners have mutually agreed that the current product portfolio offered under MMAS is not aligned with the strategy in India.”autocarpro.in
- 4 sources
- autocarpro.inSamvardhana okays sale of JV with Marelli to Gabriel India for Rs 60 crore | Autocar ProfessionalDarshan NakhwaJan 24, 2025
- devdiscourse.comGabriel India's Strategic Acquisition of Marelli Motherson's Suspension Assets | BusinessDevdiscourse News DeskJan 25, 2025
- auto.economictimes.indiatimes.comGabriel India Expansion: Gabriel India expands suspension product portfolio with acquisition of Marelli Motherson, ETAutoETAuto DeskJan 25, 2025
- business-standard.comGabriel India acquires assets worth Rs 60 cr from Marelli MothersonPress Trust of IndiaJan 25, 2025
Summarized from public sources; check the original articles before acting on it.
ENDATA