Gulf Oil Lubricants forms strategic partnership with S-Oil in India
Gulf Oil Lubricants India Ltd. (GOLIL), a Hinduja Group subsidiary, has announced a long- term strategic partnership with South Korean base oil refiner S-Oil Corporation, to exclusively manufacture and market S-Oil’s entire range of lubricants under the S-Oil Seven brand in India.
With a wide range of automotive lubricant products, S- Oil Seven has been a trusted brand by leading automakers such as Hyundai-Kia, Ssangyong and other OEMs. S-Oil Seven is exported to more than 60 countries from South Korea.
This is the first time that S-Oil finished lubricant products will be manufactured outside of South Korea.
Gulf Oil’s relationship with S-Oil began as a base oil customer-supplier relationship. The launch of S-Oil Seven lubricants brand will further strengthen their 15-year relationship. Both companies will work together to build value with this association, leveraging S-Oil’s strong relationship with Korean OEMs, complemented by Gulf Oil India’s manufacturing, marketing and distribution expertise in India. Commercial production of S-Oil Seven recently began at Gulf Oil Lubricants’ state-of-the-art lubricant blending plant in Chennai, India.
“Our relationship with S-Oil gets even stronger with this opportunity as we will work together to launch new products and grow our market shares in India across segments, bringing in a range of technologically advanced products for Indian consumers looking for value creating solutions. The S-Oil Seven range made with leading technology and approval from OEM’s in segments that are growing, as also the renowned quality of Korean products will be showcased and now made in India,” said Ravi Chawla, managing director and CEO of Gulf Oil.
“This partnership and recent commencement of S-Oil Seven’s first batch in India is highly meaningful as it is the first time ever we have seen the S-Oil brand of lubricants manufactured outside of South Korea which is only possible because of our strong and long-term relationship with GOLIL. Furthermore, it is even more significant as this step was taken successfully in India, one of the world’s biggest lubricant markets, in the face of a global pandemic situation across the world,” said J.H. Bae, head of Global Sales, S-Oil Corporation.