Shell Lubricants and Hyundai Complete a Decade of Partnership in India

NEW DELHI, May 4, 2018 /PRNewswire/ --

Extend contract for the next 3 years; Launch new engine oil for Hyundai Customers   

Shell Lubricants, the global market share leader in finished lubricants, and Hyundai Motor India Limited (HMIL), the country's second largest car manufacturer, recently announced 10 years of their partnership in India. The partnership stands as a testament to Shell's commitment of delivering excellence by continuing to focus on providing the best and cleanest products and solutions to customers. The synthetic technology used by Shell Lubricants helps achieve higher performance levels than the mineral lubricants.

Ms. Mansi Madan Tripathy, Country Head, Shell Lubricants India Cluster, said, "Shell Lubricants has been working with Hyundai since 2008 to deliver premium quality products and services to partners and customers. Our shared values of customer centricity, and a strong focus on growth has helped us progress together in the last 10 years. This partnership has only expanded over time, and we look forward to another decade of industry-leading collaboration. Not only has our partnership stood the test of time, but truly redefines exemplary customer service and pioneering global best practices."

Mr. Y.K. Koo, Managing Director, HMIL, added, "Hyundai and Shell have progressed together for the last 10 years in the true spirit of partnership through collaboration and innovation with a common goal to maximize customer satisfaction. Hyundai's long-term vision is to be the customers' lifetime partner in automobile and beyond. By leveraging the strengths of the two global brands, we aspire to offer outstanding aftersales experiences to Hyundai customers and look forward to fostering this strong and trusted association in future."

The two organizations announced the extension of their contract for another 3 years during which they will continue to collaborate to improve both the driving as well as the servicing experiences for customers and their Hyundai cars. On this occasion, Shell Lubricants and Hyundai launched the Shell Helix HX7 AH - a synthetic technology motor oil - for the Franchise workshop network. Shell Helix HX7 promises to help keep Hyundai engines clean and efficient, preventing the formation of sludge and engine deposits. It also enhances fuel efficiency and helps engines to deliver better performance.

A commemoration event, held at The Leela, Chanakyapuri on 25th April, celebrated their joint work in innovation and global best practices. Hosted by the Shell team, the event witnessed a significant number of attendees from both the companies including industry stalwarts like Mr. Y.K. Koo and Ms. Mansi Tripathy, among others.

The event witnessed sessions discussing the power of their enduring partnership, future product launches, and future perspectives from both companies. The distinguished Shell Lubricants and Hyundai leadership team also participated in a signing ceremony.

Shell has provided constant support to the Hyundai team and forged newer grounds of collaboration for a multitude of events and initiatives. Shell has been actively promoting its global association with The Hyundai Motorsports team at the World Rally Championship in India. This showcases the strength of Hyundai Cars and Shell under extreme conditions. Every year lucky Hyundai customers witness the Hyundai Car in action during a rally stage and witness the technology and workmanship of service under extreme conditions. The company has also been helping Hyundai in its efforts to increase the Customer Satisfaction Index through active participation in events like Customer Meet, Skill Fest, Family days, etc.

About Shell Lubricants 

The term 'Shell Lubricants' collectively refers to Shell Group companies engaged in the lubricants business. Shell sells a wide variety of lubricants to meet customer needs across a range of applications. These include consumer motoring, heavy-duty transport, mining, power generation and general engineering. Shell's portfolio of lubricant brands includes Shell Helix, Shell Rimula, and Shell Advance. We are active across the full lubricant supply chain. We manufacture base oils in eight plants, we blend base oils with additives to make finished lubricants in almost 70 plants, and we distribute, market and sell lubricants in over 100 countries.

We have more experts talking to more customers than any other lubricants supplier. We have over 350 technical support specialists and 1,000 sales professionals working with customers every day. We offer a wide range of services in addition to our products, including Shell LubeMatch, a market leading online tool that matches lubricants to vehicles and equipment, and Shell LubeAnalyst, an early warning system that enables our business customers to monitor the condition of their equipment and lubricant, helping to save money on maintenance.

Shell's world-class technology is applied in our products and technological collaborations. We have four leading lubricants research centres in Germany, the USA, and Japan (in a joint venture with Showa Shell) with more than 200 scientists and engineers dedicated to lubricants research and development.

We have 150 + patent series for lubricants, base oils and greases. One of the ways we push the boundaries of lubricant technology is by working closely with top motor racing teams such as Scuderia Ferrari and Penske Racing. These technical partnerships enable us to expand our knowledge of lubrication science and transfer cutting-edge technology from the racetrack to our commercial products.

About Shell Lubricants India 

Shell is one of the most diversified international oil company in India's energy sector. It is a major private sector supplier of crude products and chemicals to India. With over 7000 staff in the country, Shell has a significant technology centre, a financial business services centre and operates a joint venture LNG receiving and re-gasification terminal. Earlier this year, it signed MOUs for a floating LNG terminal in the country. Shell also has a downstream business marketing fuels, lubricants and specialty products. It recently announced creation of an in-house global IT centre in Bengaluru.

Shell Lubricants' India operation is part of Shell's long-term commitment to India and its support for the country's increasing energy needs. Shell Lubricants' customers in India include Wartsila, Maruti Suzuki, Hyundai, Ford and Thermax.

CAUTIONARY NOTE  

The companies in which Royal Dutch Shell plc directly and indirectly owns investments are separate legal entities. In this press release "Shell", "Shell group" and "Royal Dutch Shell" are sometimes used for convenience where references are made to Royal Dutch Shell plc and its subsidiaries in general. Likewise, the words "we", "us" and "our" are also used to refer to Royal Dutch Shell plc and subsidiaries in general or to those who work for them. These terms are also used where no useful purpose is served by identifying the particular entity or entities. '‘Subsidiaries'’, "Shell subsidiaries" and "Shell companies" as used in this press release refer to entities over which Royal Dutch Shell plc either directly or indirectly has control. Entities and unincorporated arrangements over which Shell has joint control are generally referred to as "joint ventures" and "joint operations", respectively.  Entities over which Shell has significant influence but neither control nor joint control are referred to as "associates". The term "Shell interest" is used for convenience to indicate the direct and/or indirect ownership interest held by Shell in an entity or unincorporated joint arrangement, after exclusion of all third-party interest.

This press release contains forward-looking statements (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995) concerning the financial condition, results of operations and businesses of Royal Dutch Shell. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. Forward-looking statements are statements of future expectations that are based on management's current expectations and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in these statements. Forward-looking statements include, among other things, statements concerning the potential exposure of Royal Dutch Shell to market risks and statements expressing management's expectations, beliefs, estimates, forecasts, projections and assumptions. These forward-looking statements are identified by their use of terms and phrases such as "aim", "ambition', '‘anticipate'’, '‘believe'’, '‘could'’, '‘estimate'’, '‘expect'’, '‘goals'’, '‘intend'’, '‘may'’, '‘objectives'’, '‘outlook'’, '‘plan'’, '‘probably'’, '‘project'’, '‘risks'’, "schedule", '‘seek'’, '‘should'’, '‘target'’, '‘will'’ and similar terms and phrases. There are a number of factors that could affect the future operations of Royal Dutch Shell and could cause those results to differ materially from those expressed in the forward-looking statements included in this press release, including (without limitation): (a) price fluctuations in crude oil and natural gas; (b) changes in demand for Shell's products; (c) currency fluctuations; (d) drilling and production results; (e) reserves estimates; (f) loss of market share and industry competition; (g) environmental and physical risks; (h) risks associated with the identification of suitable potential acquisition properties and targets, and successful negotiation and completion of such transactions; (i) the risk of doing business in developing countries and countries subject to international sanctions; (j) legislative, fiscal and regulatory developments including regulatory measures addressing climate change; (k) economic and financial market conditions in various countries and regions; (l) political risks, including the risks of expropriation and renegotiation of the terms of contracts with governmental entities, delays or advancements in the approval of projects and delays in the reimbursement for shared costs; and (m) changes in trading conditions. No assurance is provided that future dividend payments will match or exceed previous dividend payments.  All forward-looking statements contained in this press release are expressly qualified in their entirety by the cautionary statements contained or referred to in this section. Readers should not place undue reliance on forward-looking statements. Additional risk factors that may affect future results are contained in Royal Dutch Shell's 20-F for the year ended December 31, 2017 (available at http://www.shell.com/investor and http://www.sec.gov). These risk factors also expressly qualify all forward looking statements contained in this press release and should be considered by the reader.  Each forward-looking statement speaks only as of the date of this press release, April 16, 2018. Neither Royal Dutch Shell plc nor any of its subsidiaries undertake any obligation to publicly update or revise any forward-looking statement as a result of new information, future events or other information. In light of these risks, results could differ materially from those stated, implied or inferred from the forward-looking statements contained in this press release.

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