Kolkata, Feb 5: Nayara Energy, a new-age downstream energy company of international scale, today announced the achievement of a significant milestone of 6,000 fuel retail outlets across the country. Over the past five years, the number of its fuel retail outlets have tripled.
The company added ~600 retail outlets in the last fiscal year. Since October 2020, Nayara Energy has been launching new retail outlets with the Nayara brand and has already unveiled more than 200 new Nayara Branded fuel retail outlets in the country.
Speaking on the occasion, B Anand, CEO, Nayara Energy, said, “In FY19-20, the retail business generated 18% year-on-year volume growth. Nayara Energy aims to maintain the growth trajectory of the retail network and further expand to 7,600 fuel retail outlets by the end of 2024 to secure the rising energy demand of India’s aspiring population. We are expecting domestic demand for gasoline and gasoil returning to pre-covid levels by the first half of 2021.”
”The accelerated retail growth over the past few years is testimony to the trust Nayara Energy has earned mile-by-mile across the length and breadth of the country. As the fastest growing pan-India private fuel retail network, we are committed to meeting the growing needs of mobility and convenience, and elevating our customers’ experience,” Stephan Beyeler, Chief Marketing Officer, Nayara Energy, added.
Nayara Energy operates an asset light, dealer owned dealer operated model, enabling fast expansion of retail network to penetrate deeply across the country. Nayara Energy is committed to strengthening the energy infrastructure of the country and enhancing convenience of fuel availability.
Nayara Energy fuel retail outlets are being equipped with customer-centric services and facilities including quick lube change service, nitrogen filling facilities, hygienic restrooms, quality-assured drinking water, digital payment options and multi-specialty customer service centers. For its fleet customers, the company offers Fleet Plus, which is India’s first digital loyalty program.
(UNI)
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