 "GP Petroleums launches Spanish energy major Repsol's lubricants in India")
GP Petroleums Ltd, a subsidiary of the UAE-based Gulf Petrochem Group, yesterday launched Spanish oil company Repsol’s lubricant business in India; thus marking the integrated energy major’s maiden entry into the country’s energy sector. Last year, GP Petroleums and the Spanish oil major had entered into a strategic partnership under which GP Petroleums has the exclusive right to manufacture and market Repsol’s lubricants across India.
The new partnership will focus on the automotive lubricant market including the most potential & competitive two wheeler Indian market, which is also incidentally the world’s largest market. The partnership will also work towards garnering a significant market share in passenger cars and heavy duty segment in the coming few years.
“The Indian lubricant market is intensely competitive but is one of the few sectors which is on a growth path, both on the quality and quantity front. Thus, compelling the market to look for new specialised products. This is where Repsol, a very well-reputed international brand fits in perfectly. A separate dedicated team and network will service the Repsol brand in India,” said Sudhir Goyal, managing director, Gulf Petrochem Group.
Repsol’s products come with added benefits of intense R&D and close association with Honda in Moto GP, which will cater to the newly emerging premium and top end segment across markets in the country.
Repsol will launch the full range of products in Indian market. This year, the company plans to introduce a range of products including, synthetic, synthetic blend and premium mineral base oil products to cater to two wheelers, passenger cars and heavy duty vehicles for the Indian market. Further an exclusive two wheeler premium mineral oil product for the fastest growing segment, ie scooters.
The new partnership will focus on the automotive lubricant market including the most potential & competitive two wheeler Indian market, which is also incidentally the world’s largest market. The partnership will also work towards garnering a significant market share in passenger cars and heavy duty segment in the coming few years.
“The Indian lubricant market is intensely competitive but is one of the few sectors which is on a growth path, both on the quality and quantity front. Thus, compelling the market to look for new specialised products. This is where Repsol, a very well-reputed international brand fits in perfectly. A separate dedicated team and network will service the Repsol brand in India,” said Sudhir Goyal, managing director, Gulf Petrochem Group.
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Carlos Pascual, international manager lubricants (Europe, Africa, Middle East and Asia Pacific) of Repsol, commented, “Our maiden entry into the world’s fastest growing economies is a very strategic one. Repsol is one of those companies who have credentials to survive in highly competitive landscapes. Partnering with GP Petroleums Ltd, a brand with strong presence in the Indian lubricant market, has given us a first-hand advantage in this sector. With our strengths together, we extend our capabilities to globally distribute a wider variety of products.”
Repsol’s products come with added benefits of intense R&D and close association with Honda in Moto GP, which will cater to the newly emerging premium and top end segment across markets in the country.
Repsol will launch the full range of products in Indian market. This year, the company plans to introduce a range of products including, synthetic, synthetic blend and premium mineral base oil products to cater to two wheelers, passenger cars and heavy duty vehicles for the Indian market. Further an exclusive two wheeler premium mineral oil product for the fastest growing segment, ie scooters.