Gabriel India's ₹3,166-Crore Project Jupiter Bets on Korean Tech Ties

Gabriel India on Tuesday announced Project Jupiter, a ₹3,166-crore plan to buy 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), the company said in a regulatory filing. The listed flagship of the $2.2-billion ANAND Group is deepening its Korean technology partnerships, adding HL Mando and HL Klemove to existing ties with CY Myutec, Jinhap and SK Enmove. Gabriel's wider alliance network includes Dana, Henkel and Inalfa Roof Systems.

“These investments strengthen Gabriel India’s position as a comprehensive mobility platform by bringing together complementary capabilities across the automotive value chain,” Executive Chairperson Anjali Singh said.

HL Mando supplies steering, braking and suspension systems to Hyundai, Kia, Mahindra, Tata Motors, Maruti Suzuki, MG and Isuzu. HL Klemove adds radars, cameras and ADAS control units, with Hyundai-Kia-linked localisation disclosed in India. Maruti, Mahindra and Tata are already Gabriel customers, creating an immediate cross-selling opportunity. Hyundai, Kia, MG and Isuzu broaden the company's OEM reach. Gabriel can now approach automakers with a broader package: suspension from Gabriel, steering and brakes from HL Mando, and safety electronics from HL Klemove.

Gabriel and ANAND businesses already supply several of these customers with sunroofs, fasteners, driveline components, fluids and adhesives. The companies will remain separate joint ventures and associates, with Gabriel becoming the common listed platform coordinating the wider product offering. No fresh orders from these OEMs have been announced.

HL Mando's portfolio includes suspension modules and smart-damping systems. HL Klemove brings radars, cameras, LiDAR, automated-driving and parking-control units, ADAS software, chassis controllers and steering and braking ECUs. Together with existing businesses, the platform can address a larger portion of a vehicle: the sunroof through Inalfa Gabriel; structural adhesives and noise-management products through Henkel Anand; fasteners through Jinhap Gabriel; axles, driveshafts and transmission components through Dana Anand and CY Myutec; coolants, lubricants and EV thermal fluids through Anchemco and SK Enmove.

Project Jupiter takes Gabriel beyond suspension hardware towards the roof, body, chassis, driveline, fluids and electronic-safety systems of the same vehicle. The company has not disclosed a rupee estimate for content per vehicle. Its stated opportunity is to cross-sell a wider component basket through common OEM relationships while acquiring technology that would take years to develop internally.

“Gabriel has been the principal growth engine for Anand Group’s automotive business,” Group CEO and Managing Director Mahendra K. Goyal said.