SK Enmove is partnering with a leading Indian automotive parts company to target the world's third-largest automotive market in India. SK Enmove announced on the 16th that it has signed a joint venture agreement with Gabriel India, a subsidiary of India's Anand Group, at the SK Seorin Building in Jongno-gu, Seoul. The new entity will be named 'SK Enmove Gabriel India,' with SK Enmove holding a 51% stake and Gabriel India holding 49%.

The new company plans to introduce a variety of products to the Indian market immediately after its establishment is completed in December, including engine oil, gear oil, industrial lubricants, and lubricants specifically for electric vehicles. In the domestic market of 1.425 billion people, the company aims to expand its local distribution network and strengthen brand marketing efforts. According to the Society of Indian Automobile Manufacturers (SIAM), India produced 5.1 million passenger cars and 24.3 million two-wheelers in 2024. The Indian automotive market is expected to grow at an average annual rate of over 4% over the next five years.

Anand Group operates 13 joint ventures with various global companies and has a distribution network across India. SK Enmove possesses high-quality products and technology, such as the engine oil 'ZIC.' Through the establishment of this joint venture, the two companies plan to enter the Indian lubricant market and establish a growth foundation centered on the premium market.

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