FuelBuddy partners with HPCL to enter lubricants market
OIL & GAS

FuelBuddy partners with HPCL to enter lubricants market

FuelBuddy, a doorstep fuel delivery service, and Maharatna Hindustan Petroleum Corporation (HPCL) have jointly entered the Indian lubricants market.

According to the company, customers can order automotive lubricants on the FuelBuddy app, which will then be delivered to their doorstep by HPCL's authorised distributors. With the lubricants business, the company primarily caters to the needs of existing customers, who are diesel consumers.

While the fuel burns in the engine for vehicle transportation systems, effective lubricants improve vehicle fuel efficiency, helping to reduce fuel consumption. We are looking at expanding our services portfolio pan India, Neeraj Gupta, CEO-India Business, FuelBuddy

One of the initial companies to start fuel delivery services in the country, it is also working on mobile EV charging and battery swapping solutions along with doorstep delivery of CNG. However, these projects are at development stages as of now.

In the current fiscal year 2022-23, FuelBuddy expects to clock Rs 6 billion. In FY22, its turnover stood at Rs 1.64 billion and in FY21 it was at Rs 260 million. Currently, the company is delivering about 300 orders per day. It has app-based operations available in over 120 cities and with no fixed infrastructure, it claims to have served over 45,000 customers in over 4 years.

Also Read
Anadrone Systems to set up drone R&D centre in Odisha
TN’s Tantransco inks deal with KFW on green energy

FuelBuddy, a doorstep fuel delivery service, and Maharatna Hindustan Petroleum Corporation (HPCL) have jointly entered the Indian lubricants market. According to the company, customers can order automotive lubricants on the FuelBuddy app, which will then be delivered to their doorstep by HPCL's authorised distributors. With the lubricants business, the company primarily caters to the needs of existing customers, who are diesel consumers. While the fuel burns in the engine for vehicle transportation systems, effective lubricants improve vehicle fuel efficiency, helping to reduce fuel consumption. We are looking at expanding our services portfolio pan India, Neeraj Gupta, CEO-India Business, FuelBuddy One of the initial companies to start fuel delivery services in the country, it is also working on mobile EV charging and battery swapping solutions along with doorstep delivery of CNG. However, these projects are at development stages as of now. In the current fiscal year 2022-23, FuelBuddy expects to clock Rs 6 billion. In FY22, its turnover stood at Rs 1.64 billion and in FY21 it was at Rs 260 million. Currently, the company is delivering about 300 orders per day. It has app-based operations available in over 120 cities and with no fixed infrastructure, it claims to have served over 45,000 customers in over 4 years. Also Read Anadrone Systems to set up drone R&D centre in Odisha TN’s Tantransco inks deal with KFW on green energy

Next Story
Infrastructure Energy

REC Transfers HVDC Project to Power Grid

REC Limited has successfully handed over the Special Purpose Vehicle (SPV) for a High-Voltage Direct Current (HVDC) transmission project to Power Grid Corporation of India Limited (PGCIL). This strategic move aligns with the nation's objectives to strengthen its power transmission network. Key Highlights: Project Overview: The HVDC project, under the inter-state transmission system (ISTS) initiative, is a critical component of India's push toward robust and efficient electricity transmission. It aims to handle bulk power transfer across long distances while ensuring minimal losses. Role of RE..

Next Story
Infrastructure Transport

NF Railway Collaborates with IIT Guwahati

The Northeast Frontier (NF) Railway has signed strategic Memorandums of Understanding (MoUs) with IIT Guwahati to foster technological advancements and improve railway operations in the region. This partnership focuses on innovative solutions to enhance safety, efficiency, and sustainability in rail infrastructure. Key Highlights: Purpose of MoUs: The collaboration aims to leverage IIT Guwahati's expertise in technology and research for implementing cutting-edge solutions across railway operations. Key areas of focus include: Automation and digitization in maintenance. Sustainability initiati..

Next Story
Infrastructure Transport

Danapur Division Modernization Plans Revealed

The Railway Board has unveiled ambitious plans for the expansion and modernization of the Danapur Division, a critical hub under the East Central Railway. The initiative focuses on infrastructure development, enhanced passenger amenities, and operational efficiency. Key Highlights: Scope of Modernization: The Railway Board's blueprint emphasizes: Upgrading existing infrastructure to accommodate more passenger and freight traffic. Improving station facilities, such as platforms, waiting areas, and connectivity. Introducing advanced signal systems for safer and smoother operations. Freig..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000