## Castrol India Latest News Updates (as of December 22, 2023):
**1. Sustainability Push:** Castrol India recently announced a partnership with Mahindra Electric Mobility Limited (MEML) to develop and supply EV-specific lubricants for Mahindra's electric vehicle range. This aligns with Castrol's global commitment to sustainability and decarbonization.
**2. Technology & Innovation:** Castrol India launched its Castrol GTX ULTRACLEAN 5W-30 API SN PLUS motor oil, formulated with synthetic technology to provide superior engine protection and cleaner performance. They also recently showcased their Castrol EDGE Intelligent Lubrication technology at the Auto Expo 2023.
**3. Market Performance:** Castrol India reported a 12% increase in net profit for the quarter ending September 30, 2023, driven by strong demand for premium lubricants and increased market share. The company also expressed optimism about the upcoming festive season and its impact on sales.
**4. Community Engagement:** Castrol India continues its CSR initiatives with the Castrol GTX "Change the Game" program, promoting sports development and education for underprivileged children. They also recently partnered with TERI (The Energy and Resources Institute) for a sustainable waste management project.
**5. Industry Trends:** The Indian lubricant market is expected to grow at a CAGR of 5.5% over the next five years, with increasing demand for synthetic and high-performance lubricants. Castrol India is well-positioned to capitalize on this growth with its strong brand portfolio and focus on innovation.
**Additionally:**
* Castrol India recently revamped its website to provide a more user-friendly experience and easier access to product information.
* The company announced plans to expand its manufacturing capacity in India to meet growing demand.
**1. Sustainability Push:** Castrol India recently announced a partnership with Mahindra Electric Mobility Limited (MEML) to develop and supply EV-specific lubricants for Mahindra's electric vehicle range. This aligns with Castrol's global commitment to sustainability and decarbonization.
**2. Technology & Innovation:** Castrol India launched its Castrol GTX ULTRACLEAN 5W-30 API SN PLUS motor oil, formulated with synthetic technology to provide superior engine protection and cleaner performance. They also recently showcased their Castrol EDGE Intelligent Lubrication technology at the Auto Expo 2023.
**3. Market Performance:** Castrol India reported a 12% increase in net profit for the quarter ending September 30, 2023, driven by strong demand for premium lubricants and increased market share. The company also expressed optimism about the upcoming festive season and its impact on sales.
**4. Community Engagement:** Castrol India continues its CSR initiatives with the Castrol GTX "Change the Game" program, promoting sports development and education for underprivileged children. They also recently partnered with TERI (The Energy and Resources Institute) for a sustainable waste management project.
**5. Industry Trends:** The Indian lubricant market is expected to grow at a CAGR of 5.5% over the next five years, with increasing demand for synthetic and high-performance lubricants. Castrol India is well-positioned to capitalize on this growth with its strong brand portfolio and focus on innovation.
**Additionally:**
* Castrol India recently revamped its website to provide a more user-friendly experience and easier access to product information.
* The company announced plans to expand its manufacturing capacity in India to meet growing demand.