Gulf Oil Lubricants eyes expansion in battery business
Gulf Oil Lubricants India is growing at twice the market rate in terms of revenue and volume, according to MD & CEO Ravi Chawla. He highlighted that while 10% of the company’s business comes from factory fill (filling a vehicle’s engine of new and commercial vehicles), this segment is currently facing a slowdown.
However, excluding this impact, the company is growing at 9-10%, with its overall business-to-consumer-to-business-to-business (B2C-to-B2B) ratio at 55:45, which remains stable.
He said,
Segments like motorcycles are performing well, with high double-digit growth.
“The industrial and infrastructure segments have also picked up again, showing double-digit growth. While the factory fill segment has been impacted, we are seeing signs of recovery. With the Union Budget announcements benefiting the middle class, we expect growth to accelerate,”
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Gulf Oil Lubricants eyes expansion in battery business, source
