The existing strategic deal between Gulf Oil Lubricants India Limited (Gulf Oil) and Piaggio Vehicles Pvt Ltd (Piaggio India) has been extended. The goal of this partnership, which has been extended until 2030, is to supply authentic and co-branded lubricants to Piaggio’s commercial vehicle segment in India and a few other export countries.
The contract was signed by Diego Graffi, the chairman and managing director of Piaggio Vehicles Pvt Ltd, and Ravi Chawla the managing director and the chief executive of Gulf Oil Lubricants India Limited. Gulf and Piaggio India collaborated in August last year to create a new generation of oils for the new generation launched by the Italian manufacturer the latest BS VI and electric vehicles. These items provide enhanced solutions for the commercial vehicles of the Piaggio and they are supposed to enhance the durability and efficiency of the vehicles.
Ravi Chawla highlighted the renewal’s alignment with Gulf Oil’s objective of providing specialist lubricants for various vehicle types in his remarks. He pointed out that the partnership aims to increase Gulf Oil’s presence in both the conventional and electric vehicle markets by taking advantage of the infrastructure development-driven growth potential of the Indian commercial vehicle sector. Gulf Oil will continue to be Piaggio India’s exclusive lubricant partner for factory fill, workshop, and retail needs in India as a result of the extended contract. This involves meeting the needs of Piaggio’s growing clientele by providing cutting-edge BS VI oils and novel fluids created for electric cars.
Diego Graffi emphasised the partnership’s significance in providing high-quality items that enhance vehicle performance and expressed trust in it. He pointed out that Piaggio’s growing emphasis on electric mobility in the commercial lightweight and three-wheeler EV categories is complemented by Gulf’s focus on the EV fluid market.
