British Petroleum (BP) plans to invest INR 500 crore in increasing its R&D with an electric vehicle thermal management center in the UK, hosted by Castrol global, said Sandeep Sangwan, managing director of Castrol India.
Previously, the Castrol Global UK center was more focused on ICE vehicles; However, with this investment, the company also intends to focus on electric vehicles.
Talk to Mobility outlook, Sangwan said the center is expected to be completed within a year and a half. Interestingly, an Indian technology team will also participate in the R&D operations, supplying India’s e2W and e4W spatial requirements and benefiting from the EV fluids developed at the center.
In addition, Castrol recently announced a global partnership with Renault to supply the latter with fluids for its future electric vehicles in the European market.
Sangwan said this global partnership will also benefit the lubricant company’s Indian counterpart when the EV model arrives in India.
Notably, the company’s global entity also launched its latest “ON” product line, specifically designed for electric vehicles. Sangwan has confirmed that the ON product line will also find its way to India.
Along with adding new products for the changing global automotive scenario, Castrol is transforming from a product company into a product and service company by stepping into the aftermarket servicing front.
Currently, Castrol India has around 200 Castrol Auto Services centers in 90 cities. The company plans to expand its reach to more cities, he added.
In partnership with OEMs, Castrol India has also launched several car care products, including polishing waxes and brake chain fluids, and is looking to expand the product range.
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