Gulf Oil Lubricants extends exclusive partnership with Piaggio India until 2032 – CNBC TV18
Lubricants maker Gulf Oil Lubricants India Ltd on Tuesday (December 17) said it has renewed its strategic and exclusive partnership with Piaggio Vehicles Private Ltd, a wholly-owned subsidiary of the Piaggio Group, until 2032.
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The partnership, which began in January 2020, ensured the continued supply of high-quality co-branded lubricants for Piaggio’s two-wheeler range, including high-performance sports bikes and superbikes.
Under this exclusive agreement, Gulf will continue to be Piaggio India’s official lubricant partner, catering to factory fill, workshop services, and retail markets across India, along with select export markets.
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Gulf and Piaggio India have also established a long-term collaboration in the commercial vehicle (CV) segment, reinforcing their commitment to providing high-performance lubricants across multiple vehicle categories.
Since the partnership’s commencement, Gulf and Piaggio have co-developed advanced lubricants, including engine oils for scooters and , and coolants for Piaggio’s sports bikes with new fully synthetic ranges under testing and pending approval.
These products are engineered to enhance engine performance, efficiency, and durability, reflecting both companies’ dedication to technological advancements and eco-friendly solutions.
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Ravi Chawla, MD and CEO of Gulf Oil Lubricants, said, “Over the past four years, this partnership has been instrumental in delivering advanced lubricants that enhance the reliability and longevity of Piaggio’s vehicles. With this renewal, we continue to invest in the future of mobility, particularly by expanding into lubricant offerings for the growing superbike segment.”
Shares of Gulf Oil Lubricants India Ltd ended at ₹1,170, up by ₹4.60, or 0.39%, on the BSE.
(Edited by : Shoma Bhattacharjee)
