Gabriel India has struck a joint venture deal with South Korea's HL Klemove as it accelerates its expansion beyond core components into advanced mobility and automotive electronics.
As part of the transaction, the Anand Group company will buy a 30% minus one share of the total paid up share capital of HL Klemove India for $98.4m.
In a stock exchange filing, Gabriel India said the alliance is a "significant step" in its "strategy to expand its presence across high-growth automotive segments and participate in the growing demand for autonomous driving solutions including advanced driver **** istance systems (ADAS), and automotive electronic products through this joint venture".
The JV will develop, manufacture and market a range of autonomous driving and automotive electronics offerings tailored for India, including radar modules, front cameras, LiDAR, and automated driving and parking control units that integrate ADAS software.
Beyond ADAS hardware and software, the partnership will also produce key electronic control and sensing products used across modern vehicle platforms – such as brake ECUs, steering ECUs, chassis control units and torque sensors.
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As part of the transaction, the Anand Group company will buy a 30% minus one share of the total paid up share capital of HL Klemove India for $98.4m.
In a stock exchange filing, Gabriel India said the alliance is a "significant step" in its "strategy to expand its presence across high-growth automotive segments and participate in the growing demand for autonomous driving solutions including advanced driver **** istance systems (ADAS), and automotive electronic products through this joint venture".
The JV will develop, manufacture and market a range of autonomous driving and automotive electronics offerings tailored for India, including radar modules, front cameras, LiDAR, and automated driving and parking control units that integrate ADAS software.
Beyond ADAS hardware and software, the partnership will also produce key electronic control and sensing products used across modern vehicle platforms – such as brake ECUs, steering ECUs, chassis control units and torque sensors.
#adas
3 hours ago
