Overview

• Formal establishment of the joint venture is scheduled for December 2025, following this week’s signed agreement and public announcement.
• SK Enmove will introduce engine and industrial oils along with specialized fluids for electric vehicles through Gabriel India’s channels.
• The partners plan focused marketing and brand development to expand reach across India using Anand Group’s retail footprint.
• India produced 5.1 million passenger vehicles in 2024, with SIAM projecting average annual market growth above 4 percent over the next five years.
• Gabriel India is investing up to 480 million won, while SK Enmove’s capital contribution was not disclosed.