Global oil and gas major ExxonMobil is working towards strengthening its foothold in the automotive lubricants segment in India as it sees a potential for growth within the lubricants industry.
“In our global portfolio, India is one of the top markets pertaining to industry demand, and hence a very important market for us. We have traditionally had a presence in the country, but we want to grow even more. India is a market which is attracting more of our attention and our investments,” Pablo Conrad, global brand manager, Passenger Vehicle Lubricants (PVL), ExxonMobil, told Autocar India. India is the third largest lubricants market in the world, behind America and China, and around 58 percent of the same is contributed by automotive segments in different spaces. The lubricants space in India is highly competitive. The US oil major, which has more than 50 distributors in the country and over 500 stores under the Mobil1 brand, aims to expand its presence in the near term by strengthening its partnership with distributors and automakers.