Gabriel India buys 30% stake in HL Klemove India for $98.44 million
The JV will develop and manufacture autonomous driving and automotive electronics products
Gabriel India, the flagship company of India-based auto component supplier Anand Group, has agreed to buy a 30% stake in HL Klemove India for about 9.48 billion rupees (nearly $98.44 million), entering India’s autonomous driving and automotive electronics business through a joint venture.
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