<p>Shell Lubricants is eyeing a larger pie of the Indian lubricant market. Shell Lubricants Managing Director Nitin Prasad said that he is confident of outgrowing the market.<br /><br /></p>.<p>“Our market share currently stands at around 10-15 per cent in India. We see acceleration in our market share due to the launch of our new products going forward,” Prasad said. The premium lubricant space grew by around 2 per cent while we are growing in double digits. We hope to grow faster than the market in the future as well, Prasad added.<br /><br />The entire lube market is estimated to be around 2-2.2 billion litres, and India is the third largest market as far as lubricants are concerned. For Shell, India is among the top 7-10 markets for lubricants. <br /><br />According to Prasad, the company is also working on increasing the number of original equipment manufacturers (OEMs) with which it has relations. <br /><br />“We have relationships with most companies including Ford, General Motors, Mahindra & Mahindra, and Hyundai, among others. Around 60-70 per cent cars on the roads today share some relationship with us. We are looking to extend that,” Prasad said. </p>
<p>Shell Lubricants is eyeing a larger pie of the Indian lubricant market. Shell Lubricants Managing Director Nitin Prasad said that he is confident of outgrowing the market.<br /><br /></p>.<p>“Our market share currently stands at around 10-15 per cent in India. We see acceleration in our market share due to the launch of our new products going forward,” Prasad said. The premium lubricant space grew by around 2 per cent while we are growing in double digits. We hope to grow faster than the market in the future as well, Prasad added.<br /><br />The entire lube market is estimated to be around 2-2.2 billion litres, and India is the third largest market as far as lubricants are concerned. For Shell, India is among the top 7-10 markets for lubricants. <br /><br />According to Prasad, the company is also working on increasing the number of original equipment manufacturers (OEMs) with which it has relations. <br /><br />“We have relationships with most companies including Ford, General Motors, Mahindra & Mahindra, and Hyundai, among others. Around 60-70 per cent cars on the roads today share some relationship with us. We are looking to extend that,” Prasad said. </p>
