- Rupinder Paintal, Director of Market Development, ExxonMobil Lubricants.
The synthetic lubricant market in India is set to grow at a stable pace, Rupinder Paintal, Director of Market Development, ExxonMobil Lubricants shares more...
Give a brief about the company’s achievements
ExxonMobil™ has been at the forefront of lubricant technology innovation for more than 150 years. Today, we continue to develop new lubrication solutions for technologies of the future, by delivering an extensive range of leading technical services to help our customers optimise their maintenance programs, enhance equipment performance and ensure safety. Being an industry leader in synthetic lubricants, we have a full range of products that are available in the automotive, commercial and industrial business sectors. In India, we engage in the distribution, sales and marketing of Mobil-branded lubricants and offer innovative technical solutions. We cater to a plethora of industries ranging from mining, infrastructure, steel and manufacturing present across large and small enterprises.
With the prognosis of a strong economic performance for the next several years, the core sectors of the Indian economy – mining, infrastructure, steel and manufacturing are expected to be on a strong growth trajectory. With increased economic activity, the automotive sector is also expected to see a steady growth. Moreover, several initiatives from the government to create ease of doing business will further boost these sectors. Lubrication solution is the key for a strong performance in these industries and being a leader in synthetic lubricants, we are very buoyant about the Indian market.
What is your market outlook on lubricants for the construction industry?
We are bringing our finest specialty lubricants to meet the growing demand for high-quality and improved-efficiency materials that enhance productivity and profits. In terms of product expansion, the Mobil SHC™ Elite is the newest member of our Mobil family of synthetic lubricants that provide performance advantages far exceeding the capabilities of conventional oils. These lubricants can help extend equipment longevity and generate potential energy savings, for our customers, while their significantly longer life, thanks to a 12x oil drain interval, lowers maintenance costs and reduces worker exposure during oil changes.
How do you see this sector growing in the next five years?
The lubricants market in India is robust and expected to grow consistently at a CAGR of 4.64
per cent over the next five years. The construction and mining equipment sectors are the areas where we expect strong demand in the coming years. This growth can be attributed to green field projects, capacity expansions and embracing of new technology in key sectors like construction and mining.
(Communication by the management of the company)