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 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 specialized 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 Goyel Managing Director, Gulf Petrochem Group.
“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,” said Carlos Pascual (International Manager Lubricants-Europe,Africa, Middle East and Asia Pacific ) of Repsol.
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