BPCL Bets Big On EV Charging And Retail Services With ₹10,000-₹12,000 Crore Investment In FY27
- By Kotak News Desk
- 07 Jul 2026 at 2:50 PM IST
- Stock News
- 4m

Bharat Petroleum Corporation Ltd (BPCL) will spend ₹10,000-₹12,000 crore this fiscal to diversify beyond fuel retailing into EV charging, food and beverage and travel services. It hopes to grow its market share from 29.9% to 32% by 2030. Read ahead to know more.
Bharat Petroleum Corporation Limited (BPCL), India's second-largest fuel retailer, has earmarked ₹10,000 crore to ₹12,000 crore for marketing investments in the current financial year. It is the largest such allocation in the company's history.
The push is designed to move the business away from its traditional fuel-focused model and towards a wider set of customer offerings spanning electric vehicle (EV) charging, food and beverage, and highway amenities.
The company currently holds a 29.9% market share in fuel retail and is targeting 32% by 2030. BPCL's Director of Marketing said the company is moving from a product-centric model to a solution-centric approach. It wants to play a bigger role in the customer's energy journey beyond fuel purchases.
EV Charging Gets Priority
A significant portion of the strategy centres on building out EV charging infrastructure under the company's eDrive brand. BPCL has installed fast chargers at intervals of 100 to 150 kilometres along major national highways, covering approximately 50,000 km of road network. Key corridors now served include Mumbai-Bengaluru, Mumbai-Srinagar and Mumbai-Kerala. The network currently handles over 1.72 lakh charging sessions every month.
The company sees range anxiety and limited charging availability as the two biggest barriers holding back EV adoption in India, and believes a dense, reliable highway charging network can address both concerns.
Scaling Retail Initiatives
BPCL is also scaling up two other retail initiatives at its fuel stations. Its Drive Fresh programme, which provides clean washroom facilities at petrol stations, is being expanded across the network.
Be Cafe, the company's food and beverage brand, is being rolled out not just at fuel stations but also at airports, shopping malls and high street locations, giving it a retail footprint that extends well beyond the forecourt.
Together, these initiatives reflect a broader ambition to turn fuel stations into multi-service stops, capturing more of the time and spending of travellers rather than simply providing refuelling points. With a market capitalisation of ₹1.33 lakh crore, BPCL is backing this pivot with what it describes as its biggest-ever commitment to marketing and customer experience investment.
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This article is for informational purposes only and should not be considered investment advice from Kotak Neo. For compliance T&C and disclaimers, visit www.kotakneo.com/disclaimer.

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