Shell Lubricants plans big investment in growing Indian oil market

Considered to be one of the fastest growing economies in the world, India is now attracting top energy companies. These firms are planning to invest heavily in Asia’s third largest economy as energy demand surges.
Among these is Shell Lubricants India, the Indian arm of Dutch energy giant Shell. The company said India is one of its top five focus markets and that its target is to double its market share over the next three years. The total lubricant market in India is estimated to be nearly 2.5 billion liters, with segments such as industrial, rubber and automotive oils. Shell Lubricants will compete in the automotive and industrial segments, where it hopes to gain a market share of 10 to 15%. (October 26, 2012)