(MENAFN- Arab News) Hyundai Motor Co. claimed to be South Korea's largest automaker has established a new five-year global business cooperation agreement with Royal Dutch Shell plc the international energy and petrochemical business. The agreement signed recently means that Shell retains its status as an officially recommended lubricants supplier for Hyundai vehicles worldwide.

The agreement forms part of Hyundai Motor's efforts to maintain the highest standards of customer satisfaction for its aftersales products and services. As well as safeguarding the supply of superior-quality lubricants to Hyundai dealers the two companies will collaborate on aftersales-related marketing initiatives.

Shell will also work with Hyundai engineers on developing new lubricant formulations and other technical innovations that meet the needs of Hyundai Motor's expanding range of vehicles. This activity will support the company's ongoing efforts to maximize product quality and durability as well as reduce fuel consumption and emissions.

Tak Uk Im EVP and chief operating officer (COO) of Hyundai Motor commented: 'This agreement with Shell is broad in scope supporting the needs of our global aftersales supply chain as well as giving rise to new technical collaborations and joint marketing initiatives. The common factor in all of these activities is our desire to maximize customer satisfaction in aftersales. Shell will be a leading partner for us as we implement and enhance our aftersales strategy over the coming years.'

Shell Global Marketing & Global Key Accounts VP Roger Moulding said: 'This agreement means we will continue to supply and jointly develop high quality motor oils for Hyundai customers underpinned by Shell's technology leadership. It allows us to create value for both parties through deeper collaboration.'

Hyundai Motor and Shell are also collaborating on the race track. In 2014 Hyundai Motorsport and Shell became technical partners in the FIA World Rally Championships.