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India Lubricant Market

India Lubricant Market

Submitted by • March 18, 2020 www.maximizemarketresearch.com

Automotive segment dominated the India lubricant market. This is attributed to a rising in automotive production and sales. The sales of new motor vehicles in the country has been on a constant rise, majorly owing to the growing working population and growing middle-class incomes. The automotive production in India has been on an escalating path with yearly growth rates of over 6%, thus, increasing the demand for engine oils and other lubricants employed in the automotive industry.

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Voted by nishigandha

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