Tata Motors has announced its partnership with Petronas Lubricants for its commercial vehicle range. The new partnership will see Petronas come on board as a lubricant supplier for the aftermarket channel of the auto giant but also work with Tata Motors in the research and development of new lubricants best suited for the automaker's evolving requirements, the company said in a statement. Petronas has already been supplying lubricants for Tata's passenger vehicle range in the country.
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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."
The Kuala Lumpur-headquartered company already offers lubricants for Tata's passenger vehicle range
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. We are excited to see how this strategic partnership helps elevate both PLI and Tata Motors to the next level."
Pranav Bhanage, CEO - PLI 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."
After three years of low volumes, sales of commercial vehicles are set to improve in FY2023. Sales were up by 112 per cent year-on-year to 224,512 units in the first quarter of FY2023 (April - June 2022). Both the M&HCV as well as the LCV segments showed promising growth with a hike of 159 per cent and 94 per cent in overall volumes.
