Gabriel India ties up with Inalfa to supply sunroofs by admin- Wednesday, May 10th, 2023 03:57:41 PM
Gabriel India signed a Technical Collaboration and Alliance agreement with the $1.5 billion Dutch-primarily based Inalfa Roof Systems (Inalfa) to manufacture sunroofs for the quick-growing Indian automobile marketplace.
The newly fashioned Inalfa Gabriel Sunroof Systems Pvt. Ltd. (IGSS), so one can first of all be a completely owned subsidiary of Gabriel India (gabr.Ns), will manufacture sunroofs for PVs at a brand new plant near Chennai with a purpose to begin operations in the Q1 of CY 2024 at a projected $22 million funding.
It is supposed that IGSS could be transformed right into a joint assignment between INALFA ROOF SYSTEMS GROUP B.V, Netherlands, and Gabriel India Ltd, with Inalfa protecting 51% shareholding.
The alliance will see Gabriel India, a country wide chief in suspensions, input a brand new phase that is speedy garnering favour, specifically with SUV and younger car customers.