Automative Lubricants-Growth in India, Pattern and Forecast

Automative Lubricants-Growth in India, Pattern and Forecast

Given the danger of structural developments in the lube industry, businesses ought to formulate strategic plans rapidly and carefully, with an emphasis on expanding their services beyond core products. Lubricants stay an attractive—but still a challenge—business in the near term. Value development is not equally distributed, and manufacturers will need to establish plans to ensure accessibility to growth areas.

The market can be segmented by the product form (Engine Oil, Transmission and Hydraulic Fuel, Metalwork Fluid, General Industrial Oil, Gear Oil, Grease, Process Oil and Other Product Types) and the end-user industry (Power Generation, Automotive and Other Transportation, Heavy Equipment, Food and Beverage, Metallurgy and Metalworking, Chemical Manufacturing, and Other End-user Industries).

Overview of the Market

The Indian lubricants market is anticipated to show a CAGR of about 3% during the projected timeline. One of the key factors driving demand development is the increased use of high-performance synthetic lubricants. On the other hand, the downturn in the automobile industry is expected to impede demand development. The automobile and other sectors of transport have regulated the country's economy.

Competition Landscape – Leading Companies

The market analyzed has been concentrated among the top seven participants. The top three companies make up approximately 50 percent of the industry surveyed. Top corporations have used competitive tactics and spending to retain and increase their shares. The major players on the market are as follows-

Castrol Limited (BP),
Bharat Petroleum Corporation Limited,
Gulf Oil International, HPCL, and
Indian Oil Corporation Ltd, among many others.

Indian Automotive Lubrication Demand

The Indian automotive lubrication demand stood at $4.9 billion in 2017 and is expected to hit $10.3 billion by 2027. Increased preference for cars for individual transportation and convenient funding choices are driving sales of automobiles in India, which, in turn, is growing demand for automotive lubricants. Moreover, low and steady crude oil prices give car lubricant producers the potential to achieve high margins. In addition, the continued growth of the replacement market, due to growing customer perception, is also expected to fuel demand for automotive lubricants in India. Besides, customer awareness of the use of highly effective engine oils and other lubricants leads to the development of the synthetic base oil industry in India.

Related Viidoes:- Automobile Industry

Automotive lubrication sales in India to hit 1.7 million metric tons, rising 5.5 percent annually

In India, automotive lubricant demand is projected to increase by 5.5 percent annually to 1.7 million metric tons by 2021. In addition to the country's increase in the use of light-duty vehicles, India's steadily expanding production of motor vehicles will boost demand. The vast majority of the demand for motor vehicle lubricants will come from post-market uses, which are projected to account for 58% of demand in 2021.

Emissions laws in India promote the use of higher-performing engines that are more apt to use synthetic lubricants. These and other developments are presented in the Indian Automotive Lubricants Market, a recent report by the Freedonia Company, a Cleveland-based business research firm.
The number of motor vehicles being used in India is expected to rise by 8.0 percent annually to 2021, at about the same rate as in the 2011-2016 period. India would see slightly higher progress than the Asia-Pacific region as whole higher progress than the world as a whole.
While the Light Vehicle Park proceeds to expand at a rapid pace, two-wheel vehicles, such as motorcycles and scooters, are still the predominant source of self-transportation in India.
Indeed, in 2017, India surpassed China to become the nation's biggest market for two-wheeled automobiles.

India is expected to see significant progress in growth for synthetic lubricants, as more modern engine developments (that are more prone to use natural formulas) see greater acceptance and more OEMs advocate these products for their capacity to assist enhance fuel economy.

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Introduction

Project Introduction
Project Objective and Strategy
Concise History of the Product
Properties
BIS (Bureau of Indian Standards) Provision & Specification
Uses & Applications

Market Study and Assessment

Current Indian Market Scenario
Present Market Demand and Supply
Estimated Future Market Demand and Forecast
Statistics of Import & Export
Names & Addresses of Existing Units (Present Players)
Market Opportunity

Raw Material

List of Raw Materials
Properties of Raw Materials
Prescribed Quality of Raw Materials
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Personnel (Manpower) Requirements

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Plant and Machinery

List of Plant & Machinery
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Laboratory Equipments & Accessories
Electrification
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Sources of Plant & Machinery (Suppliers and Manufacturers)

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Packaging Required
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Infrastructure and Utilities

Project Location
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Project at a Glance

Assumptions for Profitability workings	Plant Economics
Production Schedule
Land & Building Factory Land & Building Site Development Expenses
Plant & Machinery Indigenous Machineries Other Machineries (Miscellaneous, Laboratory etc.)
Other Fixed Assets Furniture & Fixtures Pre-operative and Preliminary Expenses Technical Knowhow Provision of Contingencies
Working Capital Requirement Per Month Raw Material Packing Material Lab & ETP Chemical Cost Consumable Store
Overheads Required Per Month And Per Annum Utilities & Overheads (Power, Water and Fuel Expenses etc.) Royalty and Other Charges Selling and Distribution Expenses
Salary and Wages	Turnover Per Annum
Share Capital Equity Capital Preference Share Capital
Annexure 1:: Cost of Project and Means of Finance
Annexure 2:: Profitability and Net Cash Accruals Revenue/Income/Realisation Expenses/Cost of Products/Services/Items Gross Profit Financial Charges Total Cost of Sales Net Profit After Taxes Net Cash Accruals
Annexure 3 :: Assessment of Working Capital requirements Current Assets Gross Working. Capital Current Liabilities Net Working Capital Working Note for Calculation of Work-in-process
Annexure 4 :: Sources and Disposition of Funds
Annexure 5 :: Projected Balance Sheets ROI (Average of Fixed Assets) RONW (Average of Share Capital) ROI (Average of Total Assets)
Annexure 6 :: Profitability ratios D.S.C.R Earnings Per Share (EPS) Debt Equity Ratio
Annexure 7 :: Break-Even Analysis Variable Cost & Expenses Semi-Var./Semi-Fixed Exp. Profit Volume Ratio (PVR) Fixed Expenses / Cost B.E.P
Annexure 8 to 11:: Sensitivity Analysis-Price/Volume Resultant N.P.B.T Resultant D.S.C.R Resultant PV Ratio Resultant DER Resultant ROI Resultant BEP
Annexure 12 :: Shareholding Pattern and Stake Status Equity Capital Preference Share Capital
Annexure 13 :: Quantitative Details-Output/Sales/Stocks Determined Capacity P.A of Products/Services Achievable Efficiency/Yield % of Products/Services/Items Net Usable Load/Capacity of Products/Services/Items Expected Sales/ Revenue/ Income of Products/ Services/ Items
Annexure 14 :: Product wise domestic Sales Realisation	Annexure 15 :: Total Raw Material Cost
Annexure 16 :: Raw Material Cost per unit	Annexure 17 :: Total Lab & ETP Chemical Cost
Annexure 18 :: Consumables, Store etc.,	Annexure 19 :: Packing Material Cost
Annexure 20 :: Packing Material Cost Per Unit	Annexure 21 :: Employees Expenses
Annexure 22 :: Fuel Expenses	Annexure 23 :: Power/Electricity Expenses
Annexure 24 :: Royalty & Other Charges	Annexure 25 :: Repairs & Maintenance Exp.
Annexure 26 :: Other Mfg. Expenses	Annexure 27 :: Administration Expenses
Annexure 28 :: Selling Expenses	Annexure 29 :: Depreciation Charges – as per Books (Total)
Annexure 30 :: Depreciation Charges – as per Books (P & M)	Annexure 31 :: Depreciation Charges - As per IT Act WDV (Total)
Annexure 32 :: Depreciation Charges - As per IT Act WDV (P & M)	Annexure 33 :: Interest and Repayment - Term Loans
Annexure 34 :: Tax on Profits	Annexure 35 ::Projected Pay-Back Period And IRR