Daewoo Lubricants' Expansion Plans in the Indian Market
In this video interview, Vineet Singh, Director, Strategy and Growth, Daewoo Lubricants (India) outlines the company's roadmap to capture a 2% market share by FY26 with its range of highly advanced and localised products.
On April 29, Korea's Daewoo partnered India's Mangali Industries to foray into the area of automotive lubricants in India. Daewoo Lubricants showcased its range of highly-advanced and localised products catering to a variety of vehicle segments in the country.
In this video, Vineet Singh, Director, Strategy and Growth, Daewoo Lubricants (India) outlines the company's roadmap to achieve 2% market share by FY26. Singh's optimism stems from the fact that the automotive lubricants market is registering a 1.4-2% CAGR in India.
VIDEO:
RELATED ARTICLES
'We are developing low friction, energy-efficient products': SKF India's KS Dhirendra
With efficiency being the key agenda for every OEM developing a new product, bearings specialist SKF India says it is ca...
'India must adopt a tech-agnostic approach to sustainable mobility': Emitec's Ashish Bhalla
In this interview, Ashish Bhalla, MD and CEO of Emitec outlines that instead of banning certain powertrains such as dies...
'More OEMs entering the EV space will spur demand': CS Vigneshwar
The President of the Federation of Automobile Dealers Associations says that more options in the market for consumers to...