The shares of Auto Ancillary company, specializing in the manufacturing of automotive suspension systems, components, and shock absorbers are in focus following the agreement with Marelli Suspension Systems Italy S.p.A
Price action
With a market capitalization of Rs. 6,402.93 crores on Tuesday, the shares of Gabriel India Limited were down upto 5.8 percent making a low of Rs. 435.60 per share compared to its previous closing price of Rs. 462.85 per share.
What Happened
Gabriel India Limited engaged in the manufacturing of automotive suspension systems, components, and shock absorbers has executed two key agreements, as part of the Asset Purchase Agreement.
These include a License Agreement with Marelli Suspension Systems Italy S.p.A for grant of license to manufacture, assemble, sell, distribute, and market certain products in India using technical information provided by Marelli Italy in India, and a Technical Assistance Agreement with Marelli Italy for providing technical assistance and support.
About the Company
Gabriel India Limited is a leading manufacturer of automotive suspension systems, shock absorbers, and related components and it provides products for a wide range of vehicles, including passenger cars, commercial vehicles, and two-wheelers. It serves both domestic and international markets and is recognized for its expertise in developing advanced solutions for the automotive industry.
Vision 2025
The company aims to be among the top 5 shock absorber manufacturers in the world.
Prominent Marquee OEM and Customer Base
The key customers of Gabriel India Limited span across various segments. In the 2/3-wheelers segment, their clients include Atul Auto, Bajaj, Honda, Royal Enfield, Benelli, Mahindra, TVS, Suzuki, Yamaha, and more. For passenger cars, Gabriel India serves Honda, Tata, Maruti Suzuki, Toyota, and others. In the CV & Railway segment, their clients include Ashok Leyland, Force Motors, DAF, ISUZU, Daimler, and more.
Financials
The company’s total revenue rose by 25 percent from Rs. 819.28 crore to Rs. 1,026.03 crore in Q3FY24-25. Meanwhile, Net profit grew from Rs. 41.25 crore to Rs. 60.11 crore during the same period.
Written by Sridhar J
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