HPCL already has its own brand of lubricants. (File)
New Delhi:
Hindustan Petroleum Corporation Ltd (HPCL) has entered into an agreement to manufacture, distribute and sell lubricants for global supermajor Chevron in India, the two companies said on Tuesday.
Chevron Brands International LLC (Chevron), a subsidiary of Chevron Corporation, has entered into a long-term trademark licensing agreement with HPCL. branded lubricant product”, they said in the message.
The agreement envisages “manufacturing, distribution and sale of Caltex brand lubricants with HPCL in India”.
HPCL already has its own lubricant brand and this would be in addition to the existing ones.
Commenting on the agreement, Brant Fish, President, Chevron International Products said, “We are delighted to partner with HPCL to bring quality Caltex lubricants technology and performance to India. HPCL is the market leader in India and we plan to build together. on the strength of the Caltex brand and our premium product portfolio.” Amit Garg, Chief Marketing Officer, HPCL said, “This exciting partnership paves the way for leveraging HPCL’s market leadership through synergies between HPCL and Chevron to add value through a broader, premium product offering to Indian consumers.” “Our long-term comprehensive partnership with Chevron is based on HPCL’s success in lubricant manufacturing, distribution and marketing. We look forward to a fruitful and long journey with the Caltex brand in the Indian market,” Garg said. added.
(Except for the headline, this story was not edited by NDTV staff and was published on a syndicated channel.)
