Diesel engine oils are the
largest category of automotive lubricants in India, and they are
evolving quickly. A Gulf Oil official said recently that the segment is
shifting toward products that last longer, provide better fuel economy
and that are compatible with emissions control technologies.
Castrol India Ltd.’s
profit dropped 19 percent in the first quarter of 2014. Net profit
after taxes was Rs 100.2 crores (U.S. $17.2 million) for the three
months ended March 31, compared to Rs 124.3 in 2013’s first quarter.
German lubricant supplier Addinol
announced it will open six to eight sales offices across India. The
company hopes eventually to capture at least 20 percent of the nation’s
market for premium engine oils. Another German lube marketer, Fuchs Petrolub,
announced that Chief Executive Officer Stefan Fuchs will take
responsibility for overseeing the Asia-Pacific region on the company’s
Board of Directors. The region is now overseen by Georg Lingg,
who will step down in mid-2014.