Gulf Oil looks to outpace average industry growth

Ravi Chawla, president of Gulf Oil’s lubricant business, says the company is aggressively working to grow at a faster rate than the current average industry growth of 6-8% per year. He says Gulf has seen as much as 40% growth in Punjab and Haryana, following its association with King’s XI Punjab during the second cricket edition of the Indian Premier League (IPL). Thus, it is capitalizing on its association with Chennai Super Kings to grow its business in that market as well. Chawla estimates its share of the bazaar market, which is comprised of the open and business-to-business segment, at around 6%. (April 9,2011)