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Gulf Oil Investments: The lubricant maker, based on a global Study it commissioned, is advancing with new investments for sustainable growth in the automotive industry, which is moving towards EVs. The INR 103 crore investment made in Tirex Transmission a few days ago, is likely to be followed by more similar moves.
Gulf Oil Lubricants: This is part of Gulf’s global ambition towards being a leader in the EV charging ecosystem, a market valued at USD 20 billion and expected to cross USD 200 billion by 2030. The investment in Tirex will enable Gulf towards a synergistic end-to- end play in the global EV charging ecosystem, the company said.