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Gulf Oil Lubricants India moves into EV charging space
By IANS |
Published on
Fri, Feb 12 2021 13:27 IST |
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Petrol. (File Photo: IANS). Image Source: IANS News
New Delhi, Feb 12 : Gulf Oil Lubricants India Ltd (GOLIL), part of the Hinduja Group, has entered into an agreement with Gulf Oil International (GOI) to participate and co-invest in Government of India s recent investment along with the Clean Growth Fund (CGF) in Indra Renewable Technologies.
Indra Renewable is a UK-based electric vehicle (EV) and smart energy technology company developing charging and energy storage solutions for home and commercial use.
With this investment, Gulf India will get access to an established technology in EV charging space to adopt the same for Indian conditions and leverage its wide distribution and brand strengths to extend Gulf Branded residential and commercial charging points as per the evolving needs of Indian consumers.