SK Enmove Partners Gabriel India to Launch Premium Lubricants JV

SK Enmove Company, the lubricants division of South Korea's SK Group, has finalised an agreement to form a joint venture (JV) with Gabriel India Limited, an automotive components arm of India's Anand Group, as part of its strategy to penetrate the world's third-largest new vehicle market.

Partnership Details

The two firms have committed to creating SK Enmove Gabriel India Ltd, with SK Enmove holding a majority 51 per cent stake and Gabriel India retaining the balance 49 per cent equity. The newly-formed entity is planned to start operations before year-end, with strategic objectives to establish itself as a premium lubricants provider in the Indian marketplace.

“Gabriel India stands at the threshold of a historic transformation -- from a leader in world-class  suspensions to an emerging automotive systems and components powerhouse with a rapidly expanding  portfolio across multiple segments of the mobility ecosystem," Anjali Singh, Executive Chairperson of Gabriel India and the Anand Group, said in a statement.

The joint venture will focus on delivering lubricants for automotive powertrains and transmission systems, industrial equipment, and specialised premium lubricants engineered for electric vehicles (EVs).

“Based on this strategic cooperation with the Anand Group, SK Enmove will leap forward as a leading brand in the Indian lubricant market," said Kim Wone-kee, CEO of SK Enmove.

SK Enmove highlighted that the Anand Group currently operates 13 joint ventures with global automotive companies, including Dana, Forvia (formerly Faurecia), Mahle and Henkel, and has extensive aftermarket distribution networks in India, as well as strong, long-standing relationships with leading automotive manufacturers. Gabriel India is a producer of automotive suspension systems and chassis components.

SK Enmove said it will make available premium products such as its 'ZIC' low-viscosity engine oil, as well as its proven sales experience and technological expertise.