The Indian polyalphaolefin market is expected to grow in the coming years as demand for synthetic base oils increases, driven by environmental mandates as well as consumer trends for better fuel economy and lower cost of ownership, an industry insider said at a conference in Mumbai last month. read more
September 28, 2018
Volume 5 Issue 39
Original equipment manufacturers in India will continue to launch genuine engine oil products in the market – as Maruti Suzuki and Tata Motors have done – to diversify their portfolio and boost growth, thereby putting pressure on traditional lube suppliers, industry experts said. read more
Ancon, Peru-based lubricants and greases manufacturer Vistony will construct a new facility in Geelong, Australia. The facility will serve as the company’s headquarters for operations in Australia and New Zealand starting early next year. The National Company Law Appellate Tribunal fined Hyundai Motor India Rs 87 crore (U.S. $12 million) for allegedly enacting unfair business practices regarding discounts for passenger cars.