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Matching the proper grease formulations to the right applications in automotive engines and drivelines can help conserve energy, an expert said at an industry event in Indore, India.
Castrol India and Gulf Oil Lubricants India each temporarily closed its lubricant plants as the government tries to stop the spread of the deadly coronavirus in the world’s third-largest lubricant market.
Hi-Tech Lubricants Ltd. rebounded with a profit in its second quarter, as higher other income, as well as lower expenses and taxes, offset the impact of a decline in sales.
United Arab Emirates-based GP Global said it plans to invest Rs 100 crore (Rs 1 billion or U.S. $14 million) to build a greenfield lubricant blending plant in western India.
Domestic automobile sales in India declined nearly 14 percent year-on-year to 23.1 million units in 2019, according to data from the Society of Indian Automobile Manufacturers.
The worlds second-largest lubricant supplier is considering building a blending plant in the worlds third-largest market, according to an executive in the industry.
The Indian market has undergone a large shift in recent years toward API Group II and III base stocks, and with the countrys upcoming transition towards stricter automobile emissions standard, Group III offers an attractive proposition for lube formulators, an industry insider said.