Gulf Oil Extends Partnership with Piaggio India Until 2032

Gulf Oil Lubricants India announced on Tuesday, December 17, the renewal of its strategic and exclusive partnership with Piaggio Vehicles Private Ltd, a subsidiary of the Piaggio Group, until 2032. The collaboration, which began in January 2020, ensures Gulf Oil remains Piaggio India’s official lubricant partner for its two-wheeler and commercial vehicle segments.

Exclusive Partnership for High-Performance Lubricants

The renewed agreement allows Gulf Oil to continue supplying high-quality, co-branded lubricants for Piaggio’s two-wheelers, including scooters, high-performance sports bikes, and superbikes. These lubricants will be available for factory fill, workshop services, and retail markets across India, along with select export regions.

Building on their success in the two-wheeler segment, Gulf Oil and Piaggio India have also established a strong collaboration in the commercial vehicle (CV) space, providing advanced lubricants tailored to multiple vehicle categories.

Commitment to Innovation and Sustainability

Since the partnership’s inception, Gulf Oil and Piaggio India have co-developed cutting-edge lubricants, including engine oils and coolants for scooters and sports bikes. New fully synthetic lubricant ranges are under testing and pending approval, aimed at enhancing engine performance, efficiency, and durability.

Both companies are dedicated to integrating technological advancements and eco-friendly solutions into their products, reflecting their commitment to sustainable mobility.

Ravi Chawla, Managing Director and CEO of Gulf Oil Lubricants, expressed enthusiasm about the extended partnership. “Over the past four years, this collaboration 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,” Chawla said.

On December 18, 2024, Gulf Oil Lubricants share price jumped 4.24% to hit an intra-day high of ₹1,228.35 on BSE at 12:30 PM (IST).

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