Changes for page Castrol India Ltd

Last modified by Asif Farooqui on 2021/04/26 20:24
From version < 6.2 >
edited by Asif Farooqui
on 2021/04/26 09:45
To version < 6.3
edited by Asif Farooqui
on 2021/04/26 20:24
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23 23  * 2015 Castrol launched Nexcel, an oil change system designed to reduce tailpipe emissions, recycle used oil and simplify oil changes
24 24  * 2017 Castrol launched its first bio-synthetic engine oil with 25% renewable plant-based oil
25 25  
26 -
27 27  [[image:CASTROLIND2.jpg]]
28 28  
29 29  
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63 63  * Diesel Exhaust Fluid (Def)
64 64  * Hydraulic Fluids
65 65  
66 -
67 67  [[image:CASTROLIND3.png]]
68 68  
69 69  
70 70  = Industry Overview =
71 71  
72 -India is the world’s third largest lubricants market1 after US and China with approximately 2.8 billion litres of annual consumption2 . The lubricants market in India is highly competitive and fragmented comprising national oil companies, several international majors and a large number of local companies. The Company operates in all major categories such as automotive, industrial and marine & energy applications. It is a well-entrenched leading international player in retail automotive lubricants and has a significant presence in specialized industrial lubricants. {{footnote}}https://www.castrol.com/content/dam/castrol/country-sites/en_in/india/castrol-india-limited-ar-2020.pdf{{/footnote}}
70 +India is the world’s third largest lubricants market after US and China with approximately 2.8 billion litres of annual consumption . The lubricants market in India is highly competitive and fragmented comprising national oil companies, several international majors and a large number of local companies. The Company operates in all major categories such as automotive, industrial and marine & energy applications. It is a well-entrenched leading international player in retail automotive lubricants and has a significant presence in specialized industrial lubricants. {{footnote}}https://www.castrol.com/content/dam/castrol/country-sites/en_in/india/castrol-india-limited-ar-2020.pdf{{/footnote}}
73 73  
74 74  
75 75  == Demand drivers ==
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90 90  
91 91  == Overall lubricants market ==
92 92  
93 -Overall vehicle sales declined severely compared to the previous year by ~~24% ytd November 20203. This was largely due to the tough operating environment and restricted activity in the first half of 2020 which showed subsequent signs of recovery in the latter half.
91 +Overall vehicle sales declined severely compared to the previous year by ~~24% ytd November 2020. This was largely due to the tough operating environment and restricted activity in the first half of 2020 which showed subsequent signs of recovery in the latter half.
94 94  
95 95  On the regulatory front, compliance with BS VI emission norms for all new vehicles sold from April 2020 has been a significant development within the year.
96 96  
97 -Industrial production, measured by the IIP, contracted sharply within the second quarter of 2020. It gradually recovered in October growing by 4.2% over the same month in 20194 with a phased re-opening of activities.
95 +Industrial production, measured by the IIP, contracted sharply within the second quarter of 2020. It gradually recovered in October growing by 4.2% over the same month in 2019 with a phased re-opening of activities.
98 98  
99 99  Globally, the shipping industry continued to face challenges with changes in fuel landscape, falling freight rates, Covid-19 induced slowdown and increasing lubricants and bunker prices.
100 100  
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101 101  
102 102  [[image:CASTROLIND4.jpg]]
103 103  
102 +{{putFootnotes/}}
104 104  
105 105  = Business Overview =
106 106  
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