Gulf Oil is investing Rs 50 crore to scale up Tirex’s Ahmedabad plant capacity from 1,800 to 3,000 DC fast chargers per year. The expansion enables the company to capture the rising demand in India’s e-bus market while growing its non-lubricant future-mobility portfolio. The company has announced a planned capital expenditure of Rs 50 crore to expand the production capabilities of its EV manufacturing arm, Tirex Transmission Private Limited. The investment will nearly double the annual capacity of Tirex’s Ahmedabad facility to around 3,000 DC fast chargers, up from the current 1,800 units.
This strategic move aims to leverage the rapid volume growth and strong momentum in India’s electric bus and commercial fleet segments. Currently, Gulf Oil holds a 65.18% controlling stake in Tirex Transmission Private Limited. This announcement is expected to raise Tirex’s annual manufacturing capacity to 3,000 DC fast chargers from the current 1,800 units, representing a targeted capacity doubling at Tirex’s Ahmedabad plant. The capacity scaling enhances Tirex’s ability to bid for larger municipal and corporate electric bus charging contracts. A larger manufacturing footprint establishes Tirex as an institutional leader in the localized EV charger manufacturing space.
