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Gabriel India to acquire 30% stake in autocomp player HL Klemove India for Rs.935-Cr

BSE Announcement   Economic Times   HL Klemove India  

Pune-headquartered Gabriel India, the flagship company of Anand Group, plans to invest INR 935-Cr to acquire a 30% stake in Sriperumbudur, Tamil Nadu-based HL Klemove India .The company is an auto component maker that focuses on autonomous driving, advanced driver assistance systems (ADAS), and automotive electronics.Through this partnership, HL Klemove India will develop, manufacture, and sell mobility products, including radar, front cameras, lidar, and automated driving and parking control units. The product range will also feature automotive electronics such as brake ECUs, steering ECUs, and chassis control units.

For FY25, HL Klemove India had reported about INR 800 Cr in Operating Income and about INR 13 Cr in PAT.