Runner Group has inked an agreement with Indian Oil Corporation Ltd to sell the latter's lubricant in Bangladesh, said a statement.
High officials of the Indian company and Runner Group announced the partnership at a press conference in the Sonargaon hotel in Dhaka Tuesday. Runner's subsidiary Runner Lube and Energy Ltd will market the product.
Officials said Servo, a lubricant brand of Indian Oil Corporation, will be available in Bangladesh from now, Runner Group said.
“The partnership will be recognised as a milestone in order to deliver world-class lubricant to the country's market. I believe that Servo, Asia's largest lubricant brand, will also be able to gain customers' trust in Bangladesh,” said Hafizur Rahman Khan, chairman of Runner Group.
“Servo is one of the strong brands in the world. Runner is also a popular brand in Bangladesh. The partnership of these two organisations will strengthen the automotive industry of the country.”
Servo has a growing presence in 27 countries across Africa, South East Asia and West Asia, reaching out to a vast segment of customers with varying lubrication needs.