MG Motor India and lubricant brand Castrol India are set to collaborate with Jio-bp to explore mobility solutions for electric cars, the auto maker said in a statement on Thursday.

Under the partnership, Jio-bp, MG Motor and Castrol will explore setting up four-wheeler EV charging infrastructure and expand Castrol’s existing auto service network to cater to EV customers, it noted.

The partnership is in line with Jio-bp and MG Motor’s commitment to provide vast and reliable charging infrastructure to electric car customers and accelerating EV adoption in India, the statement added.

Jio-bp, a joint venture between Reliance Industries and bp, is creating an ecosystem that will benefit all the stakeholders in the EV value chain. With the Jio-bp pulse mobile app, customers can easily find charging stations nearby and seamlessly charge their EVs.

“The strategic partnership is aimed at creating EV-friendly roads for inter-city and intra-city travel by setting up a robust EV charging and service infrastructure in the country,” the statement said.

Under the partnership, Castrol will develop and expand its existing multi-brand auto service network and express oil change centres to start serving four-wheeler electric cars.

Jameel to invest in Greaves arm

Saudi Arabia-based family-owned, diversified global investor and operator Abdul Latif Jameel has committed to invest up to $220-million (Rs 1,700-crore) in Greaves Cotton’s e-mobility arm — Greaves Electric Mobility.

As part of the deal, Jameel will initially pump in $150-million (Rs 1,160 crore) for a 35.8 per cent stake in the company, making it the second-largest shareholder in the firm, a statement said.

The fresh capital will be utilised for new products, associated technologies, brand building and enhance manufacturing capacity, it said. India is the world’s fourth-largest automotive market where the share of EVs in the two-wheeler and three-wheeler segments are expected to increase significantly, the company said.

The company, which offers e-two and three-wheelers in the market, sold 62,000 vehicles, growing at 128 per cent year-on-year, in fiscal 2021-22. Greaves Electric Mobility manufactures e-two-wheelers under Ampere Vehicles and three-wheeler vehicles under Ele and Teja, respectively. PTI