This small-cap auto ancillaries company incorporates a wholly-owned subsidiary

Gabriel India has established a wholly owned subsidiary (WOS) in Belgium called the Gabriel Europe Engineering Centre (G.E.E.C.). To perform research and development, buy, sell, rent, and promote technology and products of particular vehicle components, systems, and allied processes, as well as any linked services thereto, the corporation formed G.E.E.C. creating, requesting, and promoting patents and licences. 

Today, the stock opened at Rs 205.70, with a high and low of Rs 205.70 and Rs 201.05. Shares are trading at Rs 201.75, down by 0.60% from its previous close of Rs 203. The stock has a 52-week high of Rs 208.40 and a 52-week low of Rs 127.40. The current market cap of Gabriel India Ltd is Rs 2,898.02 crore. 

Gabriel India began operations in 1961 from a factory in Mulund, Mumbai. Since then, the firm has grown its production capabilities through the use of six sites, established its brand name in both the OE and Aftermarket and contributed to the development of the Indian automotive sector. The business leads the market and offers the largest selection of ride control products in India. It actively participates in all segments of the Indian automotive industry, including passenger cars, utility vehicles, commercial vehicles, and two-wheelers, as a producer and supplier of high-quality ride control products. 

Currently, it operates six facilities with a combined capacity of more than 10 million shock absorbers, struts, and front forks. The company has international markets in China, Russia, the Far East, Europe, Africa, and the Middle East. Gabriel India and ArvinMeritor Inc., USA, a leading global supplier of a wide array of integrated systems, modules, and components to the motor vehicle industry, have financial and technological collaboration for Ride Control Products.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet, and is subject to changes. Please consult an expert before making related decisions.