Gulf Oil Lubricants to focus on passenger automotive segment: Report

Gulf Oil Lubricants will reportedly focus on passenger automotive segment and in this regard the company will invest Rs 150 crore in its new plant in Chennai. The company is planning to expand the capacity in the next 18 months to 1.35-1.40 lakh MT capacity.

The company had ramped up its first plant at Silvassa from 75,000 MT to 90,000 MT with a capital expenditure of Rs 40-45 crore. The company is trying to increase its share to 9-10 percent from 7 percent from the open market sales segment.

Gulf Oil Lubricants India, is one of the leading private sector players in the lubricant industry & currently the fastest growing lubricant marketer in India.