7 months ago
Gulf Oil Partners with ACE, Ammann, XCMG
Gulf Oil Lubricants India Ltd has made new friends with three big companies that make construction machines: ACE, Ammann India, and XCMG.
These friendships mean Gulf Oil will provide special oils for their machines.
Ammann is really popular in India for making machines that lay roads, and Gulf Oil will help make special oils just for Ammann's new machines.
Gulf Oil already has a long history of making oils for many different kinds of machines and cars.
They even make oils that can handle fires and save energy, which are perfect for India's tough conditions.
Gulf Oil's stock price went down a little bit on Monday, but that's okay because they're still doing great business.
Gulf Oil Lubricants India Ltd partnered with ACE, Ammann India, and XCMG to supply OEM-branded lubricants.
Ammann, with over 60% market share in asphalt mixing plants, will jointly develop specialized formulations with Gulf Oil.
Gulf Oil expanded its relationship with ACE to include new products for various construction equipment.
The XCMG partnership will introduce XCMG-branded genuine lubricants to the Indian market.
Gulf Oil launched a new lubricant range, including fire-resistant hydraulic oil and energy-efficient formulations.
- Who
- Gulf Oil Lubricants India Ltd, ACE, Ammann India, XCMG
- What
- Strategic partnerships for supplying OEM-branded lubricants
- Where
- India, with exports to over 25 countries
- When
- January 19, 2026
- Why
- To strengthen Gulf Oil's position in the infrastructure segment and deliver application-specific solutions
Key facts
- Companies Involved
- Gulf Oil Lubricants India Ltd, ACE, Ammann India, XCMG
- Market Share
- Ammann holds over 60% market share in asphalt mixing plants
- Gulf Oil's OEM Associations
- Over 50 across automotive, industrial, and construction sectors
- Gulf Oil's Facilities
- Manufacturing and R&D in Silvassa and Chennai
- Export Reach
- Over 25 countries
- New Lubricant Range
- Includes fire-resistant hydraulic oil and energy-efficient formulations
- Stock Price
- ₹1,097 (down ₹17.50 or 1.57%) on NSE
Quotes
Ravi Chawla
Managing Director and CEO of Gulf Oil Lubricants India Ltd
“Infrastructure has been a strategic focus for Gulf for over 15 years, and the partnerships aim to deliver application-specific solutions that improve equipment reliability and reduce downtime for customers.”
thehindubusinessline.com
