Apar Industries

Apar Industries inks long term pact with Piaggio

Lubricant major Apar Industries Ltd has entered into a long term oil agreement with the three wheeler giant, Piaggio.

Under the terms of the agreement, Apar will supply AGIP brand engine oils for Piaggio's entire range of vehicles manufactured in India.

The product being offered brings in the latest technology in engine oils, which doubles the service life of the engine oils in Piaggio vehicles. The deal is expected to generate revenue amounting to Rs 75 crore in the initial phase.