Gabriel India Limited (GABRIEL) is undergoing a significant transformation, evolving from a single-product suspension manufacturer into a diversified, technology-driven mobility solutions provider. The company has established a vision to become one of the top five shock absorber manufacturers in the world while maintaining its leadership in the Indian market.
Financial Performance Overview
For the quarter ended December 31, 2025 (Q3 FY26), Gabriel India reported a standalone revenue of Rs. 10,716 Mn, representing a 15.9% year-on-year (YoY) increase. On a consolidated basis, which includes its various subsidiaries and joint ventures, revenue for the same period reached Rs. 11,787 Mn. The company maintains a healthy financial position with a net cash balance of Rs. 3,022 Mn as of December 2025. Capital expenditure (Capex) for the first nine months (9M FY26) totaled Rs. 1,387 Mn, largely directed toward growth initiatives like the Chakan 2 plant.
Strategic Business Diversification
GIL is aggressively expanding its portfolio beyond traditional suspension systems through new global partnerships:
• Fasteners: A joint venture (JV) with JINHAP Korea was announced to enter the automotive fasteners business. GIL will hold a 51% stake in this venture, which is expected to be completed by February 28, 2026.
• Lubricants: Partnering with SK Enmove, GIL has entered the lubricants and functional fluids market with the brand “ZIC”. GIL holds a 49% stake in this new entity, SK Enmove Gabriel India Private Limited.
• Sunroofs: Through its JV with Inalfa, the company is capitalizing on a rapidly growing market where two out of five utility vehicles in India now feature a sunroof. A second production line in Chennai became operational in H2 FY26 to meet this demand.
• Asset Purchase: GIL recently completed an asset purchase agreement with Marelli Motherson Auto Suspension (MMAS) to further solidify its market position in the suspension sector.
Market Dominance and Segment Highlights
The company continues to demonstrate “Domestic Dominance” across multiple automotive sectors. In the Electric Two-Wheeler (E2W) segment, Gabriel commands a 62% market share. The Commercial Vehicle (CV) segment saw a massive 35.4% YoY sales growth in 9M FY26, driven by rising demand for cabin dampers. Furthermore, the company’s Railway business is well-established, supplying critical components for high-profile projects like the Vande Bharat Express and Siemens HP 9000 locomotives.
Innovation and Future Mobility
Gabriel is pivoting toward “Future Mobility” by entering the E-bike market with advanced Upside Down (USD) fork technology and light-integrated dropper posts. The company has also entered the solar damper market, a sector projected to grow at a 14.9% CAGR through 2030. These innovations are supported by R&D centers in Chakan, Hosur, and Belgium.
Sustainability and Social Responsibility
The company has set an ambitious goal to be carbon and water neutral by 2027. As of 9M FY26, all seven of GIL’s plants have successfully achieved Zero Waste to Landfill (ZWTL) verification. Through the SNS Foundation, Gabriel supports community initiatives, including education for over 8,000 government school students and skill development programs that have increased participating family incomes by 49%.