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|6th April 2016, 15:09||#1|
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Repsol enters Indian lubricant market
GP Petroleums, a subsidiary of the Gulf Petrochem Group, has launched the Repsol brand in India.
Last year, GP Petroleums and Repsol had entered into a strategic partnership which gave GP Petroleums the exclusive right to manufacture and market Repsol's line of lubricants in India.
Repsol will focus on the automotive lubricant market including the two wheeler market in India. This is also the world's largest two-wheeler market, accounting for 33% of the world's two-wheelers. The emerging premium and top-end motorcycle segments will be catered to as well.
The company is also looking to garner a significant share in the passenger cars and heavy duty vehicle segments in the coming years.
Repsol will be launching its full range of products in the Indian market. These include synthetic, synthetic blend and premium mineral based oil products to cater to two wheelers, passenger cars and heavy duty vehicles.
All the products come with additive packages.
Gulf Petrochem plans to have a dedicated team and network to service the Repsol brand in India.
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