Nandan Petrochem Ltd. (NPL) is quite beamish on surging demand for Genuine Lubricants and AdBlue (Diesel Exhaust Fluid) in the heavy duty commercial ve-hicles and construction equipment segments in India. The company’s Managing Director, Mr. Nandan S. Agrawaal, spoke to MOTORINDIA on the state of affairs and the growth trajectory of the diesel lubricants and AdBlue market in the country.
The Indian automotive lubricants market is projected to touch $9.6 billion by 2022, thanks to the demand-driven business scenario out of the sheer surge in the number of vehicles on road and growing awareness among end-users of right engine oil and other lubricants. Further, almost every OEM is tying up with lubricant manufacturing companies to direct endusers towards genuine oils, thus augmenting demand. An important aspect of the aforementioned growth projection is the upcoming BS-VI emission regime, which is expected to be a big booster for organized lubricant manufacturers in the country.
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