Follow us
Gujarat Fluorochemicals' subsidiary announces Rs 6,000 crore investment in EV segment
Of this investment, Rs 650 crore has already been invested till 31 December last year.
By Autocar Professional Bureau
5356 Views
GFCL EV, a 100% subsidiary of Gujarat Fluorochemicals has invested Rs 6000 crore for EV battery solutions over the next 4-5 years, for the supply of around 200 GWh/annually, of EV and energy storage system battery solutions.
Of this investment, Rs 650 crore has already been invested till 31 December last year, noted the press release.
GFCL EV is poised to enter high-demand regions of the US, Europe, and India and has already initiated long term tie-ups with customers, the release further noted.
"With GFCL EV, we are well-positioned to contribute significantly to the evolving landscape of energy transition driven by EV/ESS. Backed by GFL's experience and an integrated value chain, GFCL EV will have synergistic and competitive advantages towards developing cutting-edge solutions," said Bir Kapoor, CEO and Deputy Managing Director, Gujarat Fluorochemicals, part of INOXGFL group.
RELATED ARTICLES
Bridgestone Sharpens India Playbook with Five-Pillar Growth Strategy
Darshan Nakhwa
23 Mar 2026
MD Rajarshi Moitra outlines a roadmap centred on localisation, retail network, capacity expansion, and customer experien...
Exclusive: Balaje Rajan Moves to UK as Group Chief Strategy Officer, JLR; To Anchor TMPV–JLR Synergies
Ketan Thakkar
23 Mar 2026
New group strategy role reflects Tata Motors’ focus on global integration and EV alignment
LetzRyd Raises USD 4 Million in Funding Round Led by JIF Capital
Arunima Pal
23 Mar 2026
LetzRyd's platform provides vehicles and drivers to taxi-hailing operators while offering vehicle ownership pathways for...
