“Gabriel India stands at the threshold of a historic transformation—from a leader in world-class suspensions to an emerging automotive systems and components powerhouse with a rapidly expanding portfolio across multiple segments of the mobility ecosystem.” Anjali Singh, Executive Chairperson of Gabriel India and the ANAND Group.
“This new joint venture with the prestigious SK Group of Korea, through SK Enmove, is an important step in our journey of growth and diversification, bringing the very best technologies and companies to India.” Jaisal Singh, Vice Chairman of ANAND who spearheads M&A for the group
“Based on this strategic cooperation with the ANAND Group, SK Enmove will leap forward as a leading brand in the Indian lubricant market.” Kim Wone-kee, CEO, SK Enmove
Gabriel India Limited (GIL), the NSE-listed flagship of the $2.4-billion ANAND Group, has announced a landmark joint venture with SK Enmove, a leading Korean energy and lubricants company and a subsidiary of South Korea’s SK Group—one of the nation’s top two conglomerates with over US$ 250 billion in assets.
This strategic partnership represents a significant step in GIL’s transformation into a diversified automotive systems and components major, expanding beyond its traditional core strength in ride control products. The JV positions GIL to enter India’s fast-growing ₹40,000 crore lubricants and EV fluids market that is projected to witness steady growth with rising vehicle and EV adoption.
‘SK Enmove Gabriel India’, where SK Enmove will hold a 51% stake, with GIL having the remaining 49%, will leverage the existing strengths and operations of both partners, aiming to secure an immediate and robust presence in the automotive fluids segment. This includes the establishment of a greenfield facility and also involves the acquisition of SK Enmove’s existing India operations, providing an immediate foothold.
Building on GIL’s strong brand equity, deep OEM relationships, and extensive aftermarket distribution network, the new JV company is poised to scale rapidly in the Indian market, starting this December.
This move follows GIL’s recent diversification initiatives, including its JV with Korea’s JINHAP for automotive fasteners; a partnership with Dutch-based Inalfa Roof Systems for sunroofs and its entry into the renewables space through solar dampers. GIL has also expanded into the European bicycle market with its suspension products.
“Gabriel India stands at the threshold of a historic transformation—from a leader in world-class suspensions to an emerging automotive systems and components powerhouse with a rapidly expanding portfolio across multiple segments of the mobility ecosystem,” said Anjali Singh, Executive Chairperson of Gabriel India and the ANAND Group.
Speaking at the signing of the Joint Venture, Jaisal Singh, Vice Chairman of ANAND who spearheads M&A for the group, said, “This new joint venture with the prestigious SK Group of Korea, through SK Enmove, is an important step in our journey of growth and diversification, bringing the very best technologies and companies to India. It positions our flagship, Gabriel India Limited, to deliver a wider array of world-class solutions across a broad spectrum of the automotive sector and beyond, building on decades of excellence and trust that have characterised us with our shareholders and customers alike since 1961.”
“With products designed for both ICE and EV applications, we are well positioned to offer a diverse array to our customers across the mobility spectrum,” Mr Singh further added.
Kim Wone-kee, CEO of SK Enmove, stated, “Based on this strategic cooperation with the ANAND Group, SK Enmove will leap forward as a leading brand in the Indian lubricant market.”
Through this JV, Gabriel India – having reported consolidated revenue of ₹4063 Cr. in FY 2024-25, up nearly 20% Y-o-Y – will enter end-to-end manufacturing and distribution of a comprehensive product range, including engine oils, EV fluids, shock absorber oils, industrial lubricants, greases, and e-thermal fluids.
This JV with SK Enmove reinforces GIL’s commitment to innovation, growth, and leadership across emerging automotive segments.
The JV agreement was signed on the 15th of October 2025 at SK Enmove’s Headquarters in Seoul, South Korea, in the presence of Anjali Singh, Executive Chairperson Gabriel India Limited, Jaisal Singh Vice Chairman of ANAND, and Mahendra Kumar Goyal, the CEO of ANAND.
