Lubricants

India's lubricant majors bet on EVs, digital infra to fuel future growth

Castrol, Gulf Oil and others are expanding into EV fluids and thermal management for data centres while maintaining focus on ICE lubricants as long-term demand shifts reshape the industry

Shell acquires Raj Petro Specialities to strengthen lubricant portfolio

Shell Lubricants completed the acquisition of Raj Petro Specialities, strengthening its lubricants portfolio and customer base, the company said on Tuesday. Without disclosing financial details of the transaction, Shell said it has acquired 100 per cent equity interest in Raj Petro Specialities Pvt Ltd from the Brenntag Group. "The acquisition of Raj Petro Specialities supports Shell Lubricants as it strives to grow its portfolio and customer base in India, which is one of its key growth markets," it said in a statement. Raj Petro, which has manufacturing facilities at Chennai and Silvassa, offers a wide range of products - from transformer oil to petroleum jellies, white oils, waxes and lubricants. The more than 80-year-old Mumbai-headquartered firm was in 2017-18 acquired by Germany's Brenntag. "The transaction strengthens Shell Lubricants' presence in the market by supplying customers in the power transmission, personal care and pharmaceutical sectors, as well as helping to real

Daewoo enters Indian lube market, aims to get 2% share by March next year

The company has adopted a phased rollout strategy, starting with key metro cities and Tier-2 towns, backed by a robust dealership and distribution network

BP likely to sell global lubricant business, calls it 'strategic review'

British firm holds 51% stake in Castrol India valued at Rs 11,000 crore

BP weighs potential sale of Castrol Lubricants unit amid Elliott push

A sale of the business is one of the many options BP is considering to win back investor confidence after years of under performance

Castrol India reports 12% rise in profit for Dec quarter on steady demand

Quarterly revenue grew 7.1 per cent to 13.54 billion rupees in the October to December quarter due to higher sales of its lubricants for two-wheelers and commercial vehicles

Valvoline targets double-digit market share growth in India over 5 years

The company is striving to establish a comprehensive ecosystem for its customers, offering a full spectrum of products, including lubricants, grease, diesel exhaust fuel, and more

Lubes market to grow 3% CAGR in India, continued demand likely: Report

Indian lubes market is expected to grow at a compounded annual growth rate (CAGR) of 3 per cent, with the country likely to see continued demand for lubricants notwithstanding the emergence of the electric vehicle segment, according to a report. On the contrary, the other key markets of the US, China, Japan and Russia, may witness a decline or slowdown in demand, as per the 'Kline's Global Lubricants 2022: Market Analysis and Assessment' report shared at an industry event here on Wednesday. The factors that will drive this progression include a growing digital economy, industrialization, urbanization, increasing discretionary spending, and increased investments in infrastructure development, it said. In 2021, India's lubricant market bounced back with double-digit growth after witnessing a strong decline in 2020 due to the COVID-19 pandemic. The market continued to grow further and exceeded pre-pandemic demand levels in 2022, it said. The report noted that India is a bright spot i

Castrol to pick up 7.09% stake in TVS family's Ki Mobility for Rs 488 cr

With this deal, which is Castrol's largest all-cash transaction, the firm aims to expand its presence in service and maintenance of ICE vehicles and EVs

Indian Oil to invest Rs 840 crore to set up plant, raise storage capacity

Indian Oil Corporation on Sunday said it will invest nearly Rs 840 crore in expanding its Petroleum, Oil and Lubricant storage capacities, including setting up a greenfield facility, in the Northeast

Castrol India net profit dips 9% to Rs 186 crore in September quarter

Revenue from operations rose to Rs 1,073.2 crore as against Rs 883.1 crore in the year-ago period

Renault, Castrol join hands for aftersales engine oil lubricants in India

French auto major Renault on Wednesday announced a partnership with Castrol India for supply of exclusive aftersales engine oil lubricants in India. The partnership with Castrol India, leading automotive and industrial lubricant firm, will start from January 1, 2020, the company said in a statement. This announcement is an extension of a global strategic partnership between Groupe Renault and Castrol, it added. The two partners will also combine their expertise to deliver a jointly branded product range and premium experience to Renault customers, the company said. Commenting on the partnership, Renault India Operations Country CEO & Managing Director Venkatram Mamillapalle said, "I am confident that Renault and Castrol's strong and growing partnership will enable us to combine the excellent skills and knowledge across both organisations to explore new opportunities in India's rapidly evolving market." Sandeep Sangwan, who will take over as Castrol India Managing Director with ...

Gulf Oil joins hands with Piaggio Vehicles for co-branded lubricants

The new products have been co-developed for the entire range of commercial vehicles, including the ones conforming to the upcoming BS-VI emission norms.

Lubricant brands using new age tools to give fresh impetus to old community

With community based apps and data-led targeting methods, lubricants brands are hoping to take the technological trail forward

Green shoots at lubricant firms

Momentum in the personal mobility segment continues; uptick in commercial vehicle volumes as well