Gulf Oil Lubricants is on a lookout for more acquisitions in India and globally within the charging EV ecosystem as it seeks to strengthen its presence in the electric mobility segment where its a new entrant. The Hinduja Group company announced acquiring a controlling stake in Tirex Transmission for Rs 103 crore on Monday
Gulf Oil News: Gulf Oil Lubricants is on a lookout for more acquisitions in India and globally within the charging EV ecosystem as it seeks to strengthen its presence in the electric mobility segment where it’s a new entrant. The Hinduja Group company announced acquiring a controlling stake in Tirex Transmission for Rs 103 crore on Monday
The acquisition is a part of the company s global ambition towards being a leader in the EV charging ecosystem, a market which is already valued at USD 20 billion and expected to cross USD 200 billion by 2030, Gulf Oil Lubricants said in a statement.