Auto components major Gabriel India has acquired assets from Marelli Motherson Auto Suspension Parts Pvt Ltd for ₹60 crore, expanding its annual manufacturing capacity by 3.2 million shock absorbers and 1 million gas spring units.
The acquisition strengthens Gabriel India’s position in the suspension business, with a total purchase consideration of ₹60 crore, subject to closing adjustments.
Gabriel India, a leading manufacturer of automotive components, focuses on creating and selling passive shock absorbers, specifically semi-corner modules and gas springs, for both passenger cars and larger commercial vehicles.
The company has partnered with Marelli Suspension Systems Italy to expand its advanced suspension technology offerings to car manufacturers. This collaboration involves a licensing agreement and technical support from Marelli.
The ANAND Group and Gabriel India Ltd Executive Chairperson, Anjali Singh, commented, “This acquisition marks another milestone for Gabriel India, as it enhances our technological capabilities and broadens our product portfolio and customer base.”
She said, “By integrating MMAS advanced suspension technologies through this acquisition, we are poised to strengthen our market position and deliver greater value to our shareholders.”
Gabriel India said the acquisition aims to bolster its market position in the suspension business.
