French oil and gas player Total Oil will soon be launching an India-developed and manufactured motorcycle lubricant in the country. The new lubricant, to be named the 'Hi-Perf' series, has been developed at the company's Technical Centre for Asia-Pacific (TCAP) in Mahape, Navi Mumbai. The lubricant will be launched later this year. The TCAP in India is one of only two such facilities the company has in the world, the other being in France. Total Oil India Pvt Ltd aims to increase the development and output of the TCAP in the next 5 years.
While Eydoux did not reveal details about Total's new motorcycle lubricant meant for Indian motorcycles which will hit the market later in 2017, he said that it is one of the 30-odd base formulations developed at the Navi Mumbai TCAP since it began in 2012. Eydoux said that being strategically placed to cater to all of the local needs in the Asia-Pacific region and the Middle East as well as due to lower costs here, the facility was planned in India over the other options including China and South Korea. The TCAP is located inthe same campus as Total's manufacturing facility, which is functional since 2002.
The company's revenue comes from three major streams, 50 per cent of which comes from oil drilling, 30 to 35 per cent from automotive sector, and others including textile sector comprise the remaining 15 to 20 per cent.