| Essar
Oil Limited and Castrol India Limited have announced
the signing of an agreement for sale of Castrol
lubricants through Esaar Oil Fuel outlets throughout
the country.
Commenting on the agreement, Mr. Naveen Kshatriya,
Managing Director, Castrol India, said, "this
is a win win situation for both companies. Whilst
Castrol will have access to an additional distribution
channel through Essar's fuel forecourts across
the country, Essar will be able to offer premium
quality international lubricants to its customers.
The agreement will be especially beneficial to
scooter owners, who hitherto did not have access
to Castrol lubricants at petrol forecourts. It
will also increase availability of our products
along the highways".
Mr. A N Sinha, Managing Director, Essar Oil Limited
said, "This agreement will give Essar customers
access to Castrol lubricants at Essar outlets
with the promise of reliability, right price and
good customer service. Essar Retail outlets will
be serviced by authorized Castrol distributors.
Essar has ambitious growth plans in fuel retailing
and we look towards strategic partners like Castrol
who can support us in this growth journey."
In a short span of time, Essar has built up strong
brand equity and their 200 fuel outlets are fondly
referred to as 'Laal Pump' by truckers.
The tie up will use the promotion synergy of
both companies, through highway promotion vans,
mechanic and fleet owners meets to the mutual
benefit of both companies.
Castrol has been in India for over 85 years and
is a market leader in the retail automotive lubricants
business. Most Castrol brands are market leaders
in the segment in which they operate.
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