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Gulf Oil Lubricants to acquire controlling stake in Tirex Transmission for Rs 103 crore

Gulf Oil Lubricants | Tirex Transmission : Gulf Oil Lubricants to acquire controlling stake in Tirex Transmission for Rs 103 cr, ET EnergyWorld

Gulf Oil Lubricants: 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, it stated.

Gulf Oil Lubricants: Gulf Oil to acquire controlling stake in EV DC fast charger producer Tirex; to invest INR 103 cr, ET Auto

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.

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