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Informist, Monday, Jun. 29, 2026

--Tata Motors signs MoU with Castrol India for used oil circularity ecosystem 

NEW DELHI – Castrol India Ltd. Monday said it has signed a memorandum of understanding with Tata Motors Ltd. to jointly launch a pilot programme for used oil circularity ecosystem. Under this, the two companies will build a traceable system for collecting, storing and channelising used engine oil from Tata Motors' authorised service network in Karnataka, the company said in an exchange filing. 

For the pilot programme, Tata Motors' authorised sales and service touchpoints in Karnataka will act as structured collection points for used engine oil, according to the exchange filing. Castrol India will anchor the channelisation of collected oil to registered recyclers, drawing on its lubricant expertise and existing pilot learnings to ensure quality and traceability through the recycling process, the exchange filing said.  

For the March quarter, Tata Motors' net profit was INR 24.06 billion on revenues of INR 244.52 billion, and Castrol's net profit was INR 2.42 billion on revenue of INR 15.45 billion. At 1302 IST, shares of Castrol traded 0.1% higher at INR 185.39, while Tata Motors was down 2.3% at INR 421.85 on the National Stock Exchange.  End

Reported by Astha Oriel

Edited by Avishek Dutta

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