Gabriel India, SK Enmove form JV for lubricant expansion

Gabriel India Limited is set to enter a joint venture with SK Enmove Co., Ltd., a Republic of Korea-based corporation, to establish a new joint venture company (JV Co.). Gabriel India will hold a 49% equity stake in the JV Co., with an investment of up to INR 29.40 crores, while SKEN will hold 51%. The JV Co. will operate in the engineering, designing, developing, manufacturing, and distribution of various engine oils, e-fluids, and industrial lubricants, among other thermal management products.

The board of directors of Gabriel India approved the formation of the JV Co. on October 7, 2025. This strategic move aims to leverage Gabriel India's market presence and SKEN's technological expertise in the rapidly evolving fluids industry. The new entity will engage in toll blending, contract manufacturing, packaging, import, blending, assembly, marketing, and sales, extending its reach across diverse product categories.

Upon incorporation, the JV Co. will execute several agreements, including a Technology License Agreement (TLA) with SKEN for technological support and a ZIC Trademark and Brand License Agreement to utilize the 'ZIC' brand. Additionally, a Business Transfer Agreement (BTA) will facilitate the acquisition of SK Enmove India Private Limited’s existing business by the JV Co., with acquisition expected to be completed by November 30, 2025.