In an interview to CNBC-TV18, MK Surana, CMD of Hindustan Petroleum Corporation Ltd (HPCL) shared his views on Reliance Industries Ltd (RIL)-BP partnership.
Competition is the order of the day, oil industry has operated in the competitive environment among the public sector undertaking (PSU) companies, he said.
Surana believes, competition is good for consumers, it drives more efficiency.
â€œWe will definitely have our plan to face this competition and do better in this,â€� he further added.
There was a good growth based on the pickup in two-wheeler market and the commercial vehicle (CV) segment and in the anticipation of good monsoon. He expects this to be better going forward.