Gabriel India Enters into Technical Collaboration with Inalfa Roof Systems
May 09, 2023 at 11:13 pm EDT
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Gabriel India Limited, ANAND Group's on May 09, 2023, signed a Technical Collaboration and Alliance agreement with the $1.5 billion Inalfa Roof Systems (Inalfa) to manufacture sunroofs for the fast-growing Indian automotive market. The newly formed Inalfa Gabriel Sunroof Systems Pvt. Ltd. (IGSS), which will initially be a wholly owned subsidiary of Gabriel India (gabr.ns), will manufacture sunroofs for PVs at a new plant near Chennai that will start operations in the first quarter of calendar year 2024 at a projected $22 million investment.
It is intended that IGSS will be converted into a joint venture between INALFA ROOF SYSTEMS GROUP B.V and Gabriel India Ltd. with Inalfa holding 51% shareholding. The alliance will see Gabriel India Limited, a national leader in suspensions, enter a new segment that is fast garnering favour, especially with SUV and younger car buyers.
Gabriel India Limited is an India-based auto component company. The Company specializes in manufacturing ride control components such as shock absorbers, struts, and front forks. It is engaged in the trading of automobile components. The Company has a presence across various business segments, including two- and three-wheelers, passenger cars, commercial vehicles, railways and aftermarket. It offers various products, such as canister shock absorber, telescopic front fork, inverted front fork (canister and big piston design), mono shox, shock absorbers rear shock absorbers, strut assembly, FSD suspension, axle dampers, cabin dampers, seat dampers, double-acting hydraulic shock absorbers for conventional coaches for integral coach factory (ICF), shock absorber for EMU/ MEMU/DMU coaches, dampers for diesel locomotives, shock absorbers, MacPherson struts, gas springs, brake pads, drive shafts, suspension parts, suspension and strut bush kits, OC springs, coolants and front fork components.