The Spanish energy major Repsol’s premium quality lubricants will now be available across India.
GP Petroleums Ltd, subsidiary of Gulf Petrochem Group, a UAE-based leading player in the oil sector, launched the leading Spanish oil company Repsol’s lubricant business in India; thus marking the integrated energy major’s maiden entry into India’s vibrant and highly promising energy sector. Suresh Raina, the ace Indian cricketer, was the chief guest on the occasion.
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 superior and comprehensive line of premium quality lubricants across India.
The new partnership will focus on the automotive lubricant market including the most potential and competitive Indian two-wheeler 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.
Speaking on the occasion, Sudhir Goyel, Managing Director, Gulf Petrochem Group, said, “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.”
Carlos Pascual (International Manager Lubricants-Europe, Africa, Middle East and Asia Pacific) of Repsol, said, “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 firsthand 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.
Gulf Petrochem Group is a leading global player in the oil industry, with a turnover of about $3 billion, specialising in oil trading and bunkering, oil refining, grease manufacturing, oil storage terminals, bitumen manufacturing, and shipping and logistics.
GP Petroleums Ltd, India, is an ISO 9001:2008 and EMS 14001:2004 certified company, specialises in designing, manufacturing and marketing, industrial and automotive lubricants, process oils, transformer oils, greases and other specialties under the brand name IPOL in India and internationally for more than four decades.
Repsol Lubricants is a leading company present in more than 70 countries and producing its lubricants in 10 sites. It has six decades of experience and comprehensive range of product for vehicles and the industry.
Repsol will be launching the full range of products in Indian market. In this year, the plan is to introduce a range of products including, synthetic, synthetic blend and premium mineral base oil products to cater to two-wheelers (Repsol Moto Rider 4T 10W-30, JASO MA2), passenger cars (Repsol Elite Neo XTI 5W-40, API SN-Fully synthetics ) and heavy duty vehicles (Repsol Diesel Turbo THPD MID SAPS XTI 15W-40, API CJ4 ) for the Indian market. Further an exclusive two wheeler premium mineral oil product for the fastest growing segment, i.e. scooters (Repsol Motomatic 10W-30, JASO MB).
Leave a Reply