Mumbai/Kolkata, Jan 5 : Tata Motors and Castrol, on Thursday, announced the signing of a three-year strategic partnership agreement for supply of Commercial Vehicle Oils to Tata Motors globally.
The agreement will cover over 50 markets including SAARC and ASEAN region, Middle East, Africa, Russia and Latin America, the companies sad.
As a preferred partner of Tata Motors, Castrol will work closely with the Tata team to co-engineer products suited to meet specific requirements of new engine technology and environment regulations, the release said.
Commenting on the agreement, Guenter Butschek CEO and Managing Director, Tata Motors Limited, said: Tata Motors has had a long and enduring partnership with Castrol in India, delivering exceptional products and outstanding service for our customers. We are delighted to extend this partnership to a global level and look forward to leveraging our complementary strengths to offer our channel partners high quality support.
Mandhir Singh, CEO, BP Lubricants, said: Tata Motors is a valued key global strategic account for Castrol and we are excited about extending our relationship to global markets. As Tata Motors explores new markets, we are committed to supporting them with our pioneering technology products, superior service offers and expertise in retail marketing and promotion, to add value to this partnership.
Tata Motors Limited is Indias largest automobile company, with consolidated revenues of INR 2,75,561 crores (USD 41.6 billion) in 2015-16. Through subsidiaries and associate companies, Tata Motors has operations in the UK, South Korea, Thailand, South Africa and Indonesia. Among them is Jaguar Land Rover, the business comprising the two iconic British brands. It also has an industrial joint venture with Fiat in India. Tata cars, buses and trucks are being marketed in several countries in Europe, Africa, the Middle East, South Asia, South East Asia, South America, Australia, CIS and Russia.
Castrol, one of the worlds leading lubricant brands, is part of the BP group and serves customers in the automotive, marine, industrial and energy sectors.