With India's auto industry expected to see structural growth for many years, there are many allied industries which are expected to ride the wave, dominated by the oil marketing companies and a few private players. The Indian lubricant industry which is already one of the biggest in the world, is now getting more attention from global oil and gas majors, reports CNBC-TV18's Yash Jain and Areeb Sherwani.
Launching cobranded lubes with Tata Motors, Petronas Lubricants India chief executive MP Singh said currently its market share is a low 1.5 percent in the almost Rs 40,000-crore lubes market.