Honda Racing Corporation's lubricant partner in the MotoGP, Repsol, will soon be available in India. The Spanish lubricant brand has decided to introduce lubricants for two wheelers in India initially and is expected to gradually increase its portfolio to products for four wheelers and the heavy duty segment in the next few years.
GP Petroleums Ltd, subsidiary of Gulf Petrochem Group, a UAE-based oil company has launched Repsol lubricant business in India. Spanish oil manufacturer & GP Petroleums had entered a strategic partnership under which GP Petroleums had got the exclusive right to manufacture and market Repsol products across India.
"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, Repsol.
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"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.
In June 2015, The two companies had signed on to bring in the Repsol lubricants to India. At that time the company had announced an investment of Rs 100-120 crore. The product range will include Repsol Elite, Repsol Diesel and Moto4.
