Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Stock Report

| More

Gulf Oil and PIAGGIO Join Hands to launch Genuine and Co-Branded lubricants for Commercial Vehicles

Posted On: 2019-11-26 12:47:01

Gulf Oil Lubricants India Limited (Gulf Oil), a leading global lubricant player and PIAGGIO Vehicles Pvt Ltd (Piaggio), the pioneer in Three Wheeler business, today announced the signing of a new strategic long term partnership agreement for marketing of genuine and co-branded oils for commercial vehicles business, starting January 2020 . These technologically advanced products have been co-developed for the entire range including the upcoming BS VI vehicles.

The agreement was signed by Mr. Diego Graffi, CEO & MD, Piaggio Vehicles Private Limited, and Mr. Ravi Chawla, Managing Director, Gulf Oil Lubricants India Limited.

Mr. Diego Graffi, CEO & MD, Piaggio Vehicles Private Limited said ,"As an ongoing commitment to enable PVPL customers to use best possible products for their vehicles for optimal performance, we are glad to tie-up with Gulf Oil w.e.f. 1st January'2020 for entire CV business. Gulf Oil's technical expertise based on its world-class R&D setup and manufacturing facilities in India will certainly provide superior value to 27 lakhs Piaggio Customers. We are also confident that this partnership will give better service levels to our channel partners and also improve the availability across segments."

Mr. Ravi Chawla, Managing Director, Gulf Oil Lubricants said, "We are extremely delighted to partner with Piaggio - this helps us to further grow our business in OEM segment as well as expand our business in 3 Wheeler category. Through this partnership, PIAGGIO customers will be able to avail top of the line products to enhance the performance of their vehicles and together, we will be able to strengthen the usage of these products with our reach and service initiatives. The partnership will cater to factory fill, Franchisee Workshops (FWS), high street and exports segments. The genuine oils will cater to FWS & Exports and on the other hand co-branded oils will be marketed for the Retail (high street) segment."

Today, Gulf oil has partnerships with leading OEM manufacturers to provide customized products in India. Gulf Oil caters to the entire automotive and industrial ecosystem with specialized lubricants, to improve performance and deliver superior value propositions.

Last year Gulf Oil had signed a multi-year contract with Aprilia Racing team (an associate of Piaggio) for sponsorship of their team in MOTO GP.

Shares of Gulf Oil Lubricants India Ltd was last trading in BSE at Rs.844.55 as compared to the previous close of Rs. 844.85. The total number of shares traded during the day was 80 in over 58 trades.

The stock hit an intraday high of Rs. 855 and intraday low of 844.55. The net turnover during the day was Rs. 68096.

Source: Equity Bulls

Click here to send ur comments or to

Other Headlines:

Hero MotoCorp to increase prices of its products from Jan 1, 2020

HDFC Bank Ltd board to consider Q3 results on Jan 18, 2020

CRISIL downgrades PC Jeweller Ltd's ratings to default grade

Bharat Gears Ltd announces employee strike at its Lonand Unit

INSILCO Ltd updates on renewal of its applications with UPPCB and CGWA

CRISIL A2+ rating assigned to Newgen Software Technologies' short-term facilities

City Union Bank opens 3 new branches on Dec 9, 2019

AXIS Bank reappoints S Vishvanathan as independent director

PSP Projects Ltd bags Rs. 99.72 crores order for Nestle India Plant at Sanand

Vakrangee partners with Union Bank of India for 20,000 banking BC points for pan India nextgen Vakrangee Kendras

JSW Steel's Crude Steel Production at 12.90 lakh tonnes in November'19

Kilitch Drugs to set-up second green field Project in Ethiopia at an investment of USD 5 mn

Acuite reaffirms long term rating of TFCI

Bank of Baroda to offer shares of UTI AMC in OFS

Cholamandalam Investment and Finance Company Ltd Board to consider Interim Dividend for FY19-20

BHEL signs MoU with CSIR for commercialisation of indigenously developed technologies

TCS Positioned as a Leader in Financial Crime and Compliance Operations Services by Everest Group

Jaguar Land Rover reports November 2019 retail sales

Birlasoft honored with the ACE Alliance Award for successful partnership with SAP®

CRISIL reaffirms FD rating of Transpek Industry Limited

SPARC Provides Update on Paclitaxel Injection Concentrate for Suspension (PICS) Litigation

SPML Infra Ltd. receives new project orders worth Rs. 218 Crore

Solara announces leadership succession plan

CRISIL updates on ratings of Transpek Industry Ltd

Shaily Engineering Plastics Limited clarifies on media reports regarding GST Search

Welspun Corp Ltd bags contracts for supply of 179 KMT pipes

Maharashtra Seamless secures Prestigious ONGC Orders

NBCC India Ltd receives order from Deparment of Revenue

GST search in Shaily Engineering Plastics Ltd's Rania Unit

Ecoplast Ltd to shut down Guwahati plant of subsidiary

KNR Constructions Ltd receives work order of Rs. 165.67 crores

Urja Global Ltd enters into JV for Electric Car

Banco Products India Ltd approves disinvestment

Bank of India board approves fund raising through issue of upto 125 crore shares

Ind-Ra affirms JK Paper's long-term issuer rating

Security and Intelligence Services India Ltd to acquire 51% in Adis Enterprises Pvt Ltd

ITC Ltd acquires stake in Delectable Technologies Pvt. Ltd.

Dynacons recognized as part of the Deloitte Technology Fast 50 India 2019

TCS' Advanced Drug Development Suite wins the India Pharma Award 2019

Zensar Partners with Education Africa to support students of Business Management

Fire at Oriental Aromatics Ltd's catalyst plant

Mitsu Chem Plast Ltd Board to consider Bonus Issue

Shri Jairam Sridharan, CFO of AXIS Bank resigns

Carnation Industries Ltd shuts plant for maintenance, repays dues to SBI, PNB

Issue of US$ 500 Million 3.50 Per Cent Notes By REC Limited

Vascon Engineers Ltd receives Rs. 132.69 crores work order from AAI

KEC International wins New Orders of Rs. 1,025 crore

RBI imposes penalty of Rs. 25 lakh on Andhra Bank

JSW Steel Ltd to seek clarifications on NCLAT order

G Bank, Myanmar Selects Infosys Finacle to Power its Growth

Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2019