Gabriel India, known for its shock absorbers, is set to expand into the engine oils and industrial lubricants business through a joint venture with South Korea’s SK Enmove. The announcement on October 7 caught the market’s attention, sending Gabriel India shares higher by nearly 5 percent as investors reacted to the diversification move.
This move aligns with Gabriel India’s recent restructuring to transform from a single-product suspension manufacturer into a diversified technology-driven mobility solutions provider. The company’s strategy now covers a broader spectrum of automotive and mobility-related products.
Market Performance
- Share surge: Nearly 5% increase on October 7
- Exchange listings: Active on NSE and BSE
- Sector impact: Strong market response to diversification into engine oils
The market has shown clear interest in Gabriel India’s shift from being a pure shock absorber player to a full-fledged mobility solutions company.
Main News: Strategic Joint Venture
The proposed joint venture will be named SK Enmove Gabriel India Private Limited, pending approval by the Registrar of Companies. The partnership will have a 51:49 ownership split, with Gabriel India investing up to ₹29.40 crore in an additional tranche.
Through this JV, Gabriel India will enter the Lubricants and Specialty Fluids industry, including:
- Engine oils of various types
- Electric vehicle fluids
- Shock absorber oil
- Industrial lubricants and greases
- E-thermal fluids
The terms of the JV also include structured governance:
- Gabriel India can appoint two directors, while SK Enmove appoints three directors
- The chairperson role alternates every two years between Gabriel India and SK Enmove
- Gabriel India will appoint the Managing Director / COO, while SK Enmove appoints the Joint MD / Joint COO
- Voting rights are proportionate to shareholding
This strategic partnership enables Gabriel India to expand its footprint across both domestic and international automotive fluids markets, providing a pathway to capture new revenue streams.
Company Details and Strategic Vision
In July 2025, Gabriel India undertook a strategic business restructuring to simplify its corporate structure and consolidate automotive businesses under the listed entity. This included:
- Merging Anchemco India into Asia Investments
- Demerging Asia Investments’ automotive undertakings into Gabriel India
This restructuring aims to position Gabriel India as a diversified mobility solutions provider and set the stage for growth through both organic and inorganic opportunities.
Chairperson Mrs. Anjali Singh emphasized the company’s renewed outlook:
“Gabriel is the vehicle for growth, and we see this as a first step in exploring both organic and inorganic opportunities for the company.”
The company is also targeting a revenue milestone of ₹50,000 crore by 2030, indicating an ambitious long-term growth strategy beyond shock absorbers.
Summary
Gabriel India’s foray into engine oils through a joint venture with SK Enmove marks a key milestone in its evolution from a single-product manufacturer to a diversified mobility solutions provider. The announcement drove Gabriel India shares higher by nearly 5%, reflecting investor confidence in the company’s strategic expansion.
With structured governance in the JV, entry into the lubricants sector, and a clear roadmap for growth, Gabriel India is positioning itself for long-term value creation in the automotive and mobility solutions market.
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