Loading…
Gabriel India Ltd., part of the Anand Group, acquired assets from Marelli Motherson Auto Suspension Parts Pvt. Ltd., a joint venture between Marelli and Samvardhana Motherson International Ltd., expanding its production capacity for shock absorbers and gas springs in India.
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.