Pune: The lubricants firm Gulf Oil India says that it is planning to expand its business in industrial fluids and electric vehicle fluids, as well as sourcing more batteries for two-wheelers, with a backdrop of a changing market, evolving from internal combustion engines, with the company's global parent also investing in charging infrastructure for electric vehicles.

"We are currently in the second position in the lubricants business in India among private players, with government players occupying a major part of the market. While we are known for being in the automotive lubricants space, we have also been investing in the industrial fluids space," said Ravi Chawla, MD and CEO of Gulf Oil India.

Chawla added that the company is "looking into how to play a part" in the EV space, with EV fluids still being a small part of Gulf Oil's overall business. He also added that Gulf Oil's global operations, owned by the Hinduja group, have invested in the Indra charging network in the United Kingdom, and are looking to roll out that network in India.

"The EV penetration has been largely in the buses space, as well as in the two-wheeler and three-wheeler space. We are looking at how to play a role in the EV business. We have EV fluids ready, but it is still a small part of our market. Our global parent company has invested in the Indra charging network in the UK, and we are planning to roll it out in India by the end of the year," Chawla added.

Courtesy: TOI.