The U.S.-based TOP1 Oil Products Company on Monday joined hands with Lucas Indian Service, a part of Lucas-TVS Group, for sale and distribution of its premium range of lubricants in the Indian market. “We see huge potential in the Indian lubricant market which today is worth Rs.25,000 crore. Of this, over Rs.2,000 crore is for high quality synthetic and semi-synthetic oil segment, the market which we are targeting in India,” TOP1 Oil Products Company Vice-President (Sales & Marketing) Frank Ryan told journalists here.
“We are known for producing lubricants for niche market segment and new generation vehicles. We hope our high quality and innovative products will soon become popular in the Indian automobile market, which is world's fastest growing market. As our marketing partner, Lucas Indian Service will strengthen our presence in India,” Mr. Ryan added.
According to Lucas Indian Service President Sandeep Abbi, “We are optimistic that the arrival of famous global lubricant brand TOP1 in India will add to the growth of the premium lubricant market. Through our wide distribution network, TOP1 will soon become popular in India.”