Gabriel India Limited, a manufacturer of automotive components, has announced a joint venture with South Korea’s Jinos Co., Ltd., marking its entry into the automotive and industrial fasteners segment. As part of the deal, Gabriel India will invest INR 268.3 million to acquire a 51 percent controlling stake in Jinhap Automotive India Private Limited (JAIPL). The transaction is expected to be completed by October 31, 2025, or at a mutually agreed later date.
The joint venture will focus on engineering, manufacturing, importing, exporting, and distributing fasteners for automotive and industrial applications. JAIPL will license proprietary fastener technology from Jinhap Co., Ltd., an affiliate of Jinos that specializes in automotive fastening systems. Gabriel India and Jinos will have equal representation on JAIPL’s board, with Gabriel appointing the chairperson and Jinos appointing the CEO.
Incorporated in February 2011 and based in Sriperumbudur, Tamil Nadu, JAIPL reported an authorized capital of INR 80.6 million, total assets of INR 80 million, and turnover of INR 80.4 million as of March 31, 2025. The company had no significant revenue in FY23 or FY24 and recorded a net worth of zero. Its current directors are Lee Won Joon and Park Pyung Keun.
Gabriel India stated that the joint venture is aligned with its broader transformation strategy to diversify beyond suspension systems and strengthen its relationships with original equipment manufacturers (OEMs).
The industrial fasteners segment in India is projected to grow at a compound annual growth rate (CAGR) of approximately 6.3 percent to over 8 percent through 2032, with market size estimates ranging from USD 5.45 billion to USD 9.93 billion. Growth is driven by demand from the automotive industry, infrastructure projects, and broader manufacturing activity. Emerging applications in aerospace, defence, and renewable energy are also contributing to market expansion.
Automotive remains the largest end-use sector for fasteners, followed by construction, engineering, and consumer goods. While metal fasteners continue to dominate, there is rising demand for specialty and plastic alternatives. Opportunities in export markets, innovation in lightweight and smart fasteners, and technological advancements are expected to support long-term growth. However, the segment also faces challenges such as raw material price volatility and competitive pressures.
Gabriel India, part of the ANAND Group, primarily manufactures shock absorbers and suspension systems. As of FY25, its revenue composition includes approximately 63 percent from two- and three-wheelers, 24 percent from passenger vehicles, and 11 percent from commercial vehicles and the railway sector.
Jinos Co., Ltd. is the South Korean partner in the joint venture, while Jinhap Co., Ltd., its affiliate, is known for its fastener technologies in the Asian automotive sector.
