Gabriel India HL Klemove Joint Venture Expands ADAS and Autonomous Driving

Gabriel India and HL Klemove Form Autonomous Driving Joint Venture

On August 26, the Gabriel India HL Klemove joint venture was established to expand into autonomous driving, Advanced Driver Assistance Systems (ADAS), and automotive electronics. Gabriel India will acquire 30% less than one share of HL Klemove India Private Limited by purchasing 37,844,999 equity shares from HL Klemove Corp. The acquisition will cost USD 98.44 million, equivalent to approximately INR 9.35 billion.

Joint Venture to Develop Advanced Mobility Electronics

Through the partnership, HL Klemove India and Gabriel India will develop, manufacture, and sell advanced mobility products including radar, front cameras, lidar, automated driving and parking control units with embedded ADAS software. The companies will also produce automotive electronic products such as brake ECUs, steering ECUs, chassis control units, and torque sensors, strengthening the venture's focus on advanced vehicle electronics and automated driving technologies.

Frequently Asked Questions

What is the Gabriel India HL Klemove joint venture?
The Gabriel India HL Klemove joint venture is a strategic partnership focused on autonomous driving, Advanced Driver Assistance Systems (ADAS), and automotive electronics. Gabriel India will acquire 30% less than one share of HL Klemove India Private Limited by purchasing 37,844,999 equity shares from HL Klemove Corp. The transaction is valued at USD 98.44 million, or approximately INR 9.35 billion. The venture will develop and manufacture radar, cameras, lidar, automated driving and parking control units, embedded ADAS software, brake ECUs, steering ECUs, chassis control units, and torque sensors.