Manan Goel, Group Director, Gulf Petrochem Group, Suresh Raina, International Cricketer, Carlos Pascual, International Lubricants Manager, Repsol and Prerit Goel, Group Director, Gulf Petrochem at the launch of Repsol by GP Petroleums in India.
GP Petroleums launches the leading Spanish oil company Repsol’s lubricant business in India, thus marking the integrated energy major’s maiden entry into India’s promising energy sector. 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 line of 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 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.
Suresh Raina, International cricketer at the launch of Repsol by GP Petroleums in India
Repsol’s products come with added benefits of intense R & D and close association with Honda in Moto GP, which will cater to the newly emerging premium and top end segment across markets in the country.
Carlos Pascual, International Manager Lubricants-Europe,Africa, Middle East and Asia Pacific of Repsol said that the company’s 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 Repsol a firsthand advantage in this sector.