Gulf Oil Plans ₹50 Crore Investment to Double EV Charger

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plans to invest ₹50 crore to expand the capacity of Tirex's Ahmedabad facility, with the company targeting production capacity of 3,000 DC fast chargers. The investment is aimed at strengthening Gulf Oil's presence in India's rapidly growing electric vehicle charging infrastructure market. The expansion will increase Tirex's manufacturing capabilities and support the company's efforts to cater to rising demand for fast-charging solutions as EV adoption continues to grow. The move also reinforces Gulf Oil's strategy of diversifying beyond traditional lubricants and building a stronger position in the emerging EV ecosystem. With charging infrastructure expected to remain a key requirement for wider EV adoption, the planned capacity expansion could provide the company with greater opportunities across commercial and passenger EV segments.