Gulf Oil, Piaggio India Extend Partnership For Co-branded Lubricants For CVs
- By MT Bureau
- November 25, 2024
L-R: Diego Graffi, Chairman & MD, Piaggio Vehicles and Ravi Chawla, MD & CEO, Gulf Oil Lubricants India.
Gulf Oil Lubricants India (Gulf Oil), a leading player in the lubricants industry, and Piaggio Vehicles (Piaggio India), a subsidiary of the Italian Piaggio Group and a leading manufacturer of small commercial vehicles in the country, have renewed their strategic partnership agreement to extend collaboration for the co-branded lubricants across Piaggio’s CV segment.
The partnership had started in 2020 to develop lubricants to meet Piaggio’s vehicles demand for BS VI and EV offerings. The exclusive partnership has been renewed until 2030 for the customised lubricant solutions and will drive sales across retail, factory-fill, and export markets.
Ravi Chawla, MD & CEO, Gulf Oil Lubricants India, said, “We are thrilled to renew our partnership with Piaggio India, which aligns with our mission to bring industry-leading, specialised lubricants to diverse vehicle segments. Our collaboration has been built on a shared passion for innovation and growth, and together, we are poised to expand our reach and impact in both traditional and electric vehicle markets. With India's commercial vehicle market poised for significant growth driven by robust infrastructure development, this collaboration is well-positioned to capitalize on emerging opportunities and strengthen Gulf’s position as a trusted partner for OEMs, supporting our vision for sustained growth and excellence in the sector.”
With the renewal, Gulf will continue as Piaggio India’s exclusive lubricant partner for all factory fill, workshop, and retail requirements in India, along with exports to select international markets. The partnership will cover the full spectrum of lubricants, including advanced BS VI oils and new EV fluids, developed to meet the evolving needs of Piaggio India’s growing customer base.
Diego Graffi, Chairman & MD, Piaggio Vehicles, added, “This long-term renewal with Gulf Oil reinforces our commitment to delivering quality products that support optimal performance for Piaggio India’s customers. As both companies look to the future, Gulf's strategic investments towards growing the EV fluids segment align seamlessly with Piaggio's growing focus on electric mobility in India, particularly in the commercial lightweight and three-wheeler EV segments. We look forward to this next chapter of collaboration.”
Piaggio Vehicles Launches Ape WavE Electric Three-Wheeler At INR 255,000
- By MT Bureau
- July 06, 2026
Piaggio Vehicles, one of the leading two-wheeler and three-wheeler manufacturers, has expanded its electric passenger portfolio with the launch of the Ape WavE L3 electric three-wheeler at INR 255,000 (ex-showroom Pune).
The Ape WavE is powered by a 5.4 kWh battery, a 3 kW motor and provides 25 Nm of torque. It reaches a top speed of 40 kmph, features 19 percent gradeability and offers a certified range of 140 km and a claimed real-world range of 110 km. The charging time for the electric three-wheeler is said to be 3 hours and 45 minutes.
The electric three-wheeler features a monocoque chassis & metal body and ground clearance of 180 mm.
Diego Graffi, Chairman & MD, Piaggio Vehicles, said, “India’s electric mobility landscape is evolving rapidly, particularly in the passenger three-wheeler category where customers are looking for dependable and economically viable solutions. With the Ape WavE, we are introducing a product that has been developed specifically to meet the needs of drivers seeking affordable ownership along with superior comfort, safety, and operational reliability. The vehicle reflects our understanding of Indian mobility requirements and reinforces our commitment towards sustainable transportation and livelihood generation across the country.”
Amit Sagar, Executive Vice-President CV Domestic Business and Retail Finance, Piaggio Vehicles, added, “The passenger EV segment continues to witness strong demand, particularly in markets where shared mobility and short-distance transportation play an important role in daily commuting. The Ape WavE has been designed to offer customers an ideal balance between acquisition cost, operational savings, and passenger experience. With robust build quality, low maintenance requirements, strong ride comfort, and trusted Ape reliability, the vehicle is expected to create a strong value proposition for drivers and fleet operators alike.”
Mahindra Tractors Launches YuvoTech+ 585 DI V1 In India
- By MT Bureau
- July 06, 2026
Mumbai-headquartered automotive major Mahindra Tractors has launched its latest product offering the YuvoTech+ 585 DI V1 in 2WD and 4WD options.
The tractor is powered by a mBULL engine and features a 12F + 3R transmission system, Multi-Speed PTO and a SLIPTO dual-clutch mechanism. It includes a hydraulic system for implements and is designed with power steering and an operator platform.
Harsh Rai, CEO, Mahindra Tractors, said, "We are proud to launch the YuvoTech+ 585 DI V1 across India following its successful introduction in select markets. Built on our fast-growing YuvoTech platform, this tractor combines advanced technology with robust performance and practical features. Its strong acceptance highlights our commitment to delivering quality, durability, and long-term value to farmers. With this nationwide rollout, we aim to empower farmers with a reliable and adaptable solution for their evolving needs."
The tractor is sold with a 6-year warranty through Mahindra dealerships across India.
- Ashok Leyland
- Rosmerta Recycling
- Voluntary Vehicle Modernisation Program
- Naya Safar Scheme
- Madhavi Deshmukh
- Kartick Nagpal
Ashok Leyland Partners Rosmerta Recycling To Provide Vehicle Scrappage Benefits To Customers
- By MT Bureau
- July 06, 2026
Chennai-headquartered commercial vehicle major Ashok Leyland has partnered with Rosmerta Recycling to facilitate the scrappage of end-of-life commercial vehicles.
The collaboration aims to support the Government of India’s Voluntary Vehicle Modernisation Program and the Naya Safar Scheme, which targets the reduction of transport emissions in the Delhi-NCR region.
As part of the understanding, Ashok Leyland will use its dealer network to provide customers with access to Rosmerta Recycling’s Registered Vehicle Scrapping Facilities. This service includes support for deregistration and statutory documentation. Customers availing the scrappage service can receive value for their vehicles, discounts on new purchases and waivers on road tax and registration fees in accordance with government policy.
Madhavi Deshmukh, National Sales Head, Ashok Leyland, said, "India has a significant population of ageing commercial vehicles, making an organised, transparent and customer-friendly scrappage ecosystem essential. Through our partnership with Rosmerta Recycling, we are making responsible vehicle disposal simpler while enabling customers to transition to newer, cleaner and more efficient commercial vehicles. This collaboration reinforces Ashok Leyland's commitment to sustainable mobility, circular economy principles and reducing emissions across the vehicle lifecycle."
Kartick Nagpal, President, Rosmerta Group, stated, "Our partnership with Ashok Leyland comes at a pivotal time, as the Government's recently approved commercial vehicle replacement initiatives are expected to accelerate organised vehicle scrappage across India. The mandatory scrappage of BS-III and older commercial vehicles through authorised RVSFs – covering an estimated 207,000 vehicles in Delhi-NCR – is a significant step towards cleaner mobility and a stronger circular economy. At Rosmerta Recycling, we remain committed to scientific dismantling, maximising material recovery, and maintaining the highest environmental and regulatory standards to build a sustainable vehicle recycling ecosystem.”
- Ministry of Road Transport and Highways
- MoRTH
- Eicher Trucks & Buses
- VE Commercial Vehicles
- VECV
- S S Gill
Eicher Trucks & Buses Partners MoRTH For Delhi-NCR Fleet Modernisation
- By MT Bureau
- July 01, 2026
The Ministry of Road Transport and Highways (MoRTH) and Eicher Trucks & Buses, a division of VE Commercial Vehicles (VECV), have signed a Memorandum of Understanding (MoU) regarding the replacement scheme for commercial vehicles in the Delhi-NCR region.
Under the agreement, Eicher Trucks & Buses will provide an 8 percent discount on the ex-showroom price of eligible vehicles. CV customers can also receive additional support regarding motor vehicle tax, registration fees, interest subvention and fuel benefits, as defined by the scheme criteria. The process will be managed through a digital platform integrated with the VAHAN database and the vehicle scrapping ecosystem.
S S Gill, Chief Commercial Officer, VE Commercial Vehicles, said, “For over 4 decades, Eicher Trucks and Buses customers have driven modernisation in the Indian CV industry. Carrying this tradition, Eicher Trucks and Buses is pleased to join hands with the Ministry of Road Transport and Highways on their path-breaking policy to replace old and polluting vehicles from the NCR region. Eicher customers will gain from the substantial incentives offered by the Government of India and State Governments of Delhi, Haryana, Uttar Pradesh and Rajasthan under this program."

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