MUMBAI, India – Suppliers may better target Indias strong tractor oil segment if they understand how operators make maintenance decisions – a goal of a recent survey by lubricant additive supplier Afton Chemical.
Tractor fluids made up 10 percent of Indias total lubes market in 2016, Afton Chemical India Pvt. spokesman Harshad Jambaulikar said at an industry conference here last month. Indias tractor industry could grow by around 15 percent annually over the next five years, pending normal monsoon seasons, he said. Annual tractor oil demand, therefore, is projected to grow from nearly 80,000 metric tons last year to more than 106,000 tons by 2020.