Gabriel India Limited announced the signing of a joint venture agreement with SK Enmove Co., Ltd, a South Korea–based corporation, marking its entry into the lubricants and specialty fluids segment.
As per the filing with the stock exchanges, the Board of Directors approved the formation of a new joint venture company, in which SK Enmove will hold 51% and Gabriel India will own 49%. Gabriel India will invest up to Rs 29.4 crore in equity capital in one or more tranches for this venture. The new company will be incorporated under the name SK Enmove Gabriel India Private Limited or another approved name.
Business scope
The JV will focus on engineering, designing, developing, manufacturing, packaging, importing, blending, and marketing of various lubricants, including engine oils (motorcycle, passenger car, and diesel), e-fluids (for EVs), shock absorber oils (SAO), industrial lubricants, greases, and e-thermal fluids.
The collaboration will be supported through multiple strategic agreements:
- A Technology License Agreement (TLA) with SK Enmove for technological support.
- A Corporate Service Agreement (CSA) with Anand Automotive Pvt. Ltd. for operational management assistance.
- A ZIC Trademark and Brand License Agreement allowing the JV to use the ‘ZIC’ brand.
- A Business Transfer Agreement (BTA) to acquire the existing business of SK Enmove India Pvt. Ltd..
Timeline and structure
The joint venture is expected to be completed by November 30, 2025, with Gabriel India appointing two directors and SK Enmove appointing three directors on the JV’s board. The chairmanship will alternate every two years between the partners.
This partnership signifies Gabriel India’s strategic diversification beyond suspension systems into lubricants and EV thermal management solutions, aligning with the evolving automotive ecosystem in India.
Disclaimer: The information provided is based on Gabriel India’s official stock exchange disclosure dated October 7, 2025, and is intended for informational purposes only.
