Gulf Oil Lubricants India Limited — Updates, 17-12-2024: Press Release

Gulf Oil Lubricants India Limited has renewed its exclusive partnership with Piaggio Vehicles Private Limited for the supply of high-quality lubricants for Piaggio’s two-wheeler range, including their high-performance sports bikes and superbikes, extending the collaboration until 2032. This strategic renewal underscores both companies’ commitment to innovation and exceptional customer experiences within the two-wheeler segment. Gulf Oil will remain Piaggio's official lubricant partner, covering factory fill, workshop services, and retail markets in India and select export locations. Since the partnership began in 2020, both firms have successfully co-developed advanced lubricants, enhancing vehicle performance and efficiency. The ongoing collaboration is set to drive further value through technology and channel partner support, marking a key step in Gulf's strategy to solidify its market leadership in the Indian lubricants sector. Investors may view this as a positive growth signal, reinforcing Gulf's commitment to expanding its product offerings and strategic partnerships in the evolving mobility landscape.