Gulf Oil Lubricants India Ltd (GOLIL) has renewed its multi-year agreement with Mahindra & Mahindra’s Farm Equipment Business – Mahindra Tractors Division. The development was disclosed to the BSE and NSE on 20 February 2026 under SEBI Regulations.
The filing stated that the company has extended its supply arrangement with Mahindra’s tractor division under a fresh multi-year contract.
The renewed contract is the longest duration agreed between the 2 companies so far. Gulf Oil will continue to account for the largest share of lubricants supplied within Mahindra’s tractor ecosystem during the term of the agreement.
The formal signing took place in Mumbai. It was executed by R. Veeraraghavan, Senior Vice President – SSU, Mahindra Farm Tractor Division, and Ravi Chawla, Managing Director & CEO, Gulf Oil Lubricants India Ltd.
The relationship between the 2 companies began in 2011 through a co-branded initiative with Mahindra’s automotive division. In 2014, the arrangement was extended to the tractor's business.
Over the past 12 years, the companies have worked together across product supply, distribution support, and joint outreach programmes. The renewal continues this association under revised terms.
Gulf Oil Lubricants India Ltd operates in the automotive and industrial lubricants segment and is part of the Hinduja Group.
The company has tie-ups with over 50 original equipment manufacturers and serves more than 1,000 industrial and institutional clients. It exports products to over 25 countries.
Manufacturing and research facilities are located at Silvassa and Ennore, Chennai. The company also manufactures AdBlue and holds a top 5 share in India’s 2-wheeler battery replacement market.
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As of February 20, 2026, 3:30 pm, Gulf Oil Lubricants India Ltd share price closed at ₹1,077.10, a 1.62% decrease from the previous closing price.
The renewed agreement extends an existing supplier arrangement within Mahindra’s tractor division. It formalises the continuation of lubricant supply under a multi-year term.
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Published on: Feb 21, 2026, 10:10 AM IST
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