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\nBased on estimates developed before the current crisis, the Indian lubricant market for 2020 was 2.9 million tonnes, with more than half of the demand accounted for by the industrial segment. At the other end, consumer automotive lubricants account for just over 15% of the total market.
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\nStronger emission norms and demand for fuel efficiency are driving OEMs to keep developing new engine technology at a faster pace. India has also become an export hub for many global players who are demanding higher specification engines and engine oils to meet more stringent international specifications.
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\nThe growth of the lubricants market in India is hindered by fluctuations in crude oil prices. The increasing prices of crude oil in India have adversely impacted the manufacturers and end-users. To shed more light on the market scenario of Indian automotive lubricants joining us today is Mr. Sandeep Sangwan, Managing Director, Castrol India.","img_media_type":"1","mediadate":1657244460,"authors":[{"name":"Shruti Mishra","msid":"479252671","id":"479252671","seo":"shruti-mishra","url":"shruti-mishra","agency":"ETAuto"}],"url":"\/\/www.samalayucan.com\/podcast\/looking-at-auto-lubricant-market-how-will-it-pan-out\/92733451","deviceType":"desktop"}">