Gabriel India Limited has formed a joint venture with South Korea-based Jinos Co., Ltd. through Jinhap Gabriel Auto India Private Limited, which will handle engineering, design, development, manufacturing, import, export, assembly, marketing, sales and distribution of fasteners for automotive and industrial markets.
The new subsidiary structure gives Gabriel majority ownership (51:49) in the fastener business, enhancing its product portfolio, operational integration, and competitive standing in the automotive components supply chain.
The venture diversifies Gabriel India's product portfolio beyond its traditional ride control components, presenting an opportunity for revenue expansion and synergy with existing OEM relationships.
The partnership leverages Jinos' expertise in fasteners, providing access to proprietary technology and know-how, which is crucial in a market demanding high-performance and specialized components.
The deal makes Jinhap Gabriel Auto India Private Limited a subsidiary of Gabriel India Limited, strengthening Gabriel’s control and positioning in the automotive fasteners segment.
Founded in 1961, Gabriel India Limited is the flagship company of the ANAND Group, supplying ride control products to the automotive industry in India.
