Speaking to CNBC-TV18, Ravi Chawla, MD of Guld Oil said that they have 8-9 percent share in the Bazaar market and the company expect this to increase by 1-2 percent on back of the tie-up in next 2-3 years.
In an interview with CNBC-TV18, Ravi Chawla, MD of Gulf Oil said that volume growth has been strong across all segments and the second quarter has seen a volume growth of 10 percent.
Have seen good increase in commercial vehicles volume, says Ravi Chawla, MD of Gulf Oil Lubricants India.
Besides the motorcycle oil segment, the company also saw demand from the car, commercial vehicles and industrial infrastructure segments, said Ravi Chawla, MD, Gulf Oil Lubricants.
Ravi Chawla, Managing Director of Gulf Oil Lubricants told CNBC-TV18 that a price war in the market could neutralise much of the benefits from lower input costs because of falling crude prices
Gulf Oil Lubricants has joined hands with Schwing Stetter to market co-branded lubricants. In an interview to CNBC-TV18, Ravi Chawla, MD, Gulf Oil Lubricants India, discusses the deal and the company‘s future plans.
Gulf Oil Lubricants India is looking at increasing its capacity at the Silvassa facility from 75000 mt to go up to 90000 mt, said MD Ravi Chawla.
Ravi Chawla, managing director, Gulf Oil Lubricants says the company is planning to enhance its capacity in Silvassa and has procured land for its second plant in Chennai.
Gulf Oil Lubricants India posted a profit after tax (PAT) of Rs 19.40 crore and gross turnover of Rs 284 crore for Q2.
The company also hopes to maintain its EBITDA margins at around 12-13 percent after reporting a 12.6 percent for the quarter ended June.