Global lubes major becomes supplier to Tata Motors’ aftermarket channel and will also help in R&D of new lubricants tailored to the CV market leader’s evolving needs.
Petronas Lubricants (India) and Tata Motors have announced their new partnership, making the lubes major a strategic lubricants partner for Tata Motors’ commercial vehicles.
Speaking on this partnership, Giuseppe Pedretti, Regional Managing Director – Asia for Petronas Lubricants International (PLI) said, “It is a matter of great pride for us to partner with Tata Motors, the leading commercial vehicle manufacturer in India, from the house of the globally admired Tata Group.”
Pranav Bhanage, CEO of Petronas Lubricants (India) said, “This partnership further strengthens the relationship between our two organisations given that we also supply lubricants for Tata Motors’ passenger vehicles and is a testimony to the quality of our Petronas Fluid Technology Solutions™.”
Bhanage also highlighted the holistic nature of the partnership which not only pertains to the supply of lubricants for Tata Motors’ aftermarket channel but also in the research and development of new lubricants tailored to Tata Motors’ evolving needs.
Commenting on the alliance, R. Ramakrishnan – Global Head, Customer Care, Commercial Vehicle Business Unit, Tata Motors said, “We are delighted to have Petronas as Tata Motors’ strategic lubricant partner for our commercial vehicles. This partnership will further increase the accessibility of Tata Motors Genuine Oil, at competitive prices to our customers. Tata Motors Genuine Oil, a unique oil formulated by Tata Motors, enhances the vehicle’s performance, fuel efficiency, enabling long duty-cycles and higher uptime. This alliance will ensure that the high-quality oil will be available at Tata Motors’ authorised workshops across India.”
Established in 2008, Petronas Lubricants International manufactures and markets a full range of high-quality automotive and industrial lubricants products in over 100 markets globally. Headquartered in Kuala Lumpur, PLI has over 30 marketing offices in 28 countries, managed through regional offices in Kuala Lumpur, Beijing, Turin, Belo Horizonte, Chicago and Durban.
Tata Motors sells 93,888 CVs in Q1 FY2023, up 119%
Demand for CVs is expected to rise substantially in FY2023, after over three years of a downturn. Overall CV numbers in the first quarter of FY2023 (April-June 2022) were up 112% year on year to 224,512 units, with both the M&HCV and LCV segments notching robust growth of 159% and 94% respectively.
CV market leader Tata Motors sold a total of 93,888 units in Q1 FY2023, which is a 119% YoY increase. This total comprises 37,491 M&HCVs (up 121% / Q1 FY2022: 16,977 units) and 56,397 LCVs (up 118% / Q1 FY2022: 25,848 units).
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