The move comes as Germany's automotive industry faces multiple headwinds, including the costly shift towards electric mobility, intense competition from Chinese manufacturers and the impact of tariffs imposed by the United States

Gabriel India will acquire 28.99 per cent stake in HL Mando Anand India from Asia Investments, promoter and holding company, for a composite consideration of Rs 2,231 crore out of which Rs 350 crore will be in cash and balance consideration by way of preferential issuance of equity shares