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.
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