Lubricants manufacturer Gulf Oil Lubricants India has signed an MoU with electric mobility players, Piaggio Vehicles and Switch Mobility for their lines of EV fluids.
Through this alliance, the Hinduja Group company’s entire range of EV fluids will be directly accessible to Piaggio Vehicles and Switch Mobility.
These EV fluids will be used by the EV passenger and cargo models from Piaggio and Switch Mobility’s electric buses EiV 12 and EiV 22 that the comoany will introduce in India, respectively.
Ravi Chawla, MD & CEO, Gulf Oil Lubricants India said, “With each OEM tie up, Gulf Oil is well poised to play a role in the three-wheeler, four-wheeler and bus EV category”.
The partnerships signed are a part of Gulf Oil Lubricants’ strategy to play a key role in the e-mobility value chain even as the rapidly evolving automotive landscape threatens to disrupt conventional vehicle lubricant industry.
In September 2021, Gulf Oil unveiled its range of EV fluids, including Gulf Formula Hybrid for EVs and hybrid vehicles as well as Gulf eLEC Coolant, Gulf eLEC Driveline Fluid, and Gulf eLEC Brake Fluid.
Sanjay Hinduja, Chairman, Gulf Oil Lubricants India said,” The acceptance of our products by marquee players like Piaggio Vehicles and Switch Mobility further augments our commitment to developing cutting edge products for the EV sector.”
According to Mahesh Babu, CEO of Switch India and COO of Switch Mobility. “We bring in efficiency, technology and best-in-class total cost of operations through our products Switch EiV 12 and Switch EiV 22. Our partnership with Gulf Oil towards developing Gulf ElecMax, a range of high-performance EV fluids will offer our customers and end-users superlative performance that suits the intended usage patterns.”
Diego Graffi, chairman and MD, Piaggio Vehicles said, “We have a successful association with Gulf Oil for a wide range of lubricants for our ICE Vehicles. We are working with Gulf Oil for the EV variants to provide high-performance solutions to our customers.”
As per industry analysts, lubricants in India will continue to grow at a CAGR of 2-3 percent for the next 15 to 20 years on back of demand from segments that includes buses, trucks, and other heavy vehicles.
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