Petronas Lubricants targets 5% market share in India, make it exports hub

It'll also look at potential JVs or tie-ups with existing players in India to strengthen its network

Petronas Lubricants International looks to capture 4% of the India's total lubricants markets in the next five years time, the company's top management said on Thursday. The company will also look to use India as its hub to export products to neighbouring countries like Nepal and Sri Lanka.

"The facility at Maharashtra will be complete by December 2017 and will start production in the first quarter of 2018," said Guiseppe Pedretti, group chief commercial officer, Petronas Lubricants International SDN BHD.

Petronas Lubricants is setting up a lubricant blending plant in Maharashtra Industrial Development Corporation (MIDC), Patalganga for an investment of close to