Lubricant supplier Gulf Oil to expand EV charging infrastructure in India

Gulf Oil aims for substantial revenue growth in the EV charger market, leveraging strategic acquisitions and expanding product offerings

Gulf Oil Lubricants India, supported by the Hinduja Group, is increasing its investment in the electric vehicle charging sector by enhancing its stake in Tirex Transmission to 65% through an additional 14% acquisition for approximately 380 million rupees (about $4.2 million).