Gulf Oil Lubricants India Ltd announced strategic partnerships with three construction equipment manufacturers — ACE (Action Construction Equipment), Ammann India, and XCMG — to strengthen its position in the infrastructure segment.
The collaborations will see Gulf Oil supplying OEM-branded lubricants to these manufacturers. Under the Ammann partnership, Gulf becomes the official lubricants partner for the road construction equipment maker, which holds over 60 per cent market share in asphalt mixing plants. The companies will jointly develop specialised formulations for Ammann’s upcoming equipment.
Gulf has expanded its existing relationship with ACE by introducing new products for the manufacturer’s cranes, backhoe loaders, compactors, motor graders, forklifts, tractors and harvesters. The XCMG partnership will bring XCMG-branded genuine lubricants to the Indian market.
strategic focus
Managing Director and CEO Ravi Chawla said infrastructure has been a strategic focus for Gulf for over 15 years, and the partnerships aim to deliver application-specific solutions that improve equipment reliability and reduce downtime for customers.
Gulf Oil currently maintains over 50 OEM associations across automotive, industrial and construction sectors. The company, part of the Hinduja Group, operates manufacturing and R&D facilities in Silvassa and Chennai, and exports to over 25 countries. Alongside these partnerships, Gulf has launched a new lubricant range including fire-resistant hydraulic oil and energy-efficient formulations designed for Indian operating conditions.
On Monday, the shares of Gulf Oil Lubricants India Ltd ended on the NSE at ₹1,097 apiece, down ₹17.50 or 1.57 per cent.