Gulf Oil and Piaggio India extend exclusive partnership until 2030 for high-performance lubricant solutions

Gulf Oil Lubricants India Ltd on Monday (November 25) said it has renewed its exclusive strategic partnership agreement with Piaggio Vehicles Pvt Ltd, thus extending their collaboration through 2030.

The partnership focuses on delivering high-performance, co-branded lubricant solutions for Piaggio’s small commercial vehicles, encompassing retail, factory-fill, and export markets. The renewal agreement was signed by Diego Graffi, Chairman and MD of Piaggio Vehicles Pvt Ltd, and Ravi Chawla, MD and CEO of Gulf Oil Lubricants India.

Since the partnership’s commencement in 2020, Gulf and Piaggio India have collaboratively developed high-quality lubricants designed to meet the evolving needs of Piaggio’s vehicle range including BS VI and EV vehicles.

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“This partnership has consistently delivered advanced products that enhance vehicle performance and longevity, providing Piaggio India’s channel partners & customers with optimised solutions for their commercial vehicles,” Gulf Oil Lubricants said.

Ravi Chawla, MD and CEO of Gulf Oil Lubricants India said, “We are thrilled to renew our partnership with Piaggio India, which aligns with our mission to bring industry-leading, specialised lubricants to diverse vehicle segments. Our collaboration has been built on a shared passion for innovation and growth, and together, we are poised to expand our reach and impact in both traditional and electric vehicle markets.”

With the renewal, Gulf will continue as Piaggio India’s exclusive lubricant partner for all factory fill, workshop, and retail requirements in India, along with exports to select international markets. The partnership will cover the full spectrum of lubricants, including advanced BS-VI oils and new EV fluids, developed to meet the evolving needs of Piaggio India’s growing customer base.

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Diego Graffi Chairman and MD of Piaggio Vehicles Pvt Ltd, said, “This long-term renewal with Gulf Oil reinforces our commitment to delivering quality products that support optimal performance for Piaggio India’s customers.”

Shares of Gulf Oil Lubricants India Ltd ended at ₹1,069.55, up by ₹45.60, or 4.45% on the BSE.