Savita Oil Technologies Renews Agreement with Swaraj Tractors
To supply genuine, company branded engine oils
Mumbai, September 5, 2019: Savita Oil Technologies Ltd (BSE/NSE: SOTL), a leading manufacturer of auto, industrial and consumer lubricants, renewed its agreement with Swaraj Tractors, a part of the USD 20.7 billion Mahindra Group. The agreement was signed to manufacture and supply genuine and company branded engine oils for the Swaraj tractor range.
Commenting on the partnership at the signing event, Hemant Sikka President & Chief Purchase Officer, Powerol & Spares Business, Mahindra & Mahindra Limited said: “We are pleased to join hands with Savita an Indian company and our existing business partner for Swaraj Division. Both the companies have core strength in their respective fields. Our objective is to meet the customers’ need to use the recommended engine oils by OEMs.”
Sunil Aima, Chief Executive Officer – Lubricants, Savita Oil Technologies Limited said, “Our relationship with Swaraj Tractors is now 8 years old. We are delighted to continue our business with Swaraj Tractors and the Mahindra Group, to manufacture and supply genuine, company branded engine oils. This is a reaffirmation of high quality standards that we adhere to, across all our product lines. This partnership bears testimony to our commitment towards quality, technological advancement and heightened customer engagement. I am confident that this will create right value for all stakeholders.”
SOTL will continue to supply Swaraj Genuine oils for their authorized service stations and Swaraj company branded oil with SAVSOL brand for the market.