New Delhi, Aug. 24 -- Lubricant maker Gulf Oil India Ltd is planning to invest Rs.50 crore to nearly double capacity at its Ahmedabad electric vehicle (EV) charger manufacturing facility to around 3,000 DC fast chargers from 1,800, managing director and chief executive, Ravi Chawla, told Mint in an interview.

The expansion plan comes as India's e-bus market gains momentum. The world's third-largest e-bus market recorded sales of 5,356 units in 2025-26, up 37% year-on-year.'

Gulf Oil makes EV chargers in India through its stake in Ahmedabad-based charger maker Tirex Transmission Pvt. Ltd. The lubricant maker first invested Rs.103 crore in Tirex in FY24 to acquire a controlling 51% stake, followed by another Rs.38 crore investment in FY26...