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But after the 1993 deregulation, the competition in the lubricant sector became intense with the entry of the MNCs namely- Shell, Exxon, Mobil, Caltex, ELF etc.
The entire lubricant market is divided into two key segments, automotive and industrial. In India the automotive lubricants account to about 60% of the total sale, out of which the diesel lubes share account to about 70% of the same because it comprises of the commercial vehicles including trucks. The current Indian market is estimated at 55bn in value subjected to an increment of 5% per annum. It measures to about 1.05-mn kl, while the installed capacity is 1...
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