#Automotive Market In India

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https://uja.in/blog/market-reports/automotive-sector-in-india/

Automotive Sector In India

The world’s largest two-wheeler manufacturer

Third largest heavy truck manufacturer

World’s largest manufacturer of tractors

World’s second-largest bus manufacturer and fourth-largest manufacturer of cars

Seventh largest in commercial vehicle manufacturing

Automobile sector contributes 49% to India’s manufacturing GDP

India exported ~ 4.8 million automobiles in 2022–23

Indian Government targets 30% of vehicles on the road should be electric by 2030

A total of 3.7 Mn electric vehicles are already registered in India

Recent and planned developments in the Indian Automobile Sector.

According to IBEF, In November 2023, Tata Motors inaugurated its state-of-the-art registered vehicle scrapping facility in Chandigarh.

In June 2023, Hero MotoCorp revealed plans to invest up to Rs. 1,500 crore in developing premium bikes and EVs in India.

In May 2023, Maruti Suzuki India revealed plans to invest over Rs. 40,000 crore to double capacity by 2030.

In March 2023, the Central government sanctioned Rs. 800 crore million under FAME India Scheme Phase II to Indian Oil (IOCL), Bharat Petroleum (BPCL), and Hindustan Petroleum (HPCL), for setting up 7,432 public fast charging stations across the country.

In February 2023, German luxury car maker Audi India began local production of the Audi Q3 and Audi Q3 Sportback at the Skoda Auto Volkswagen India Private Limited (SAVWIPL) plant in Aurangabad.

In February 2023, Nissan and Renault revealed a plan to invest Rs. 4,800 crore in India over the next 3–5 years to expand their market share in passenger cars and electric vehicles.

In February 2022, a memorandum of understanding (MoU) was signed between the electric two-wheeler company Ather Energy and the Electric Supply Companies (ESCOMs) of Karnataka for setting up 1,000 fast charging stations across the state.

To know more info, click the link here- https://uja.in/blog/market-reports/automotive-sector-in-india/

[lykaglobal9]

Top PET Sheets Exporter from India - Lyka Global Plast 

In the ever-evolving world of packaging and industrial materials, PET (Polyethylene Terephthalate) sheets have carved a niche for themselves due to their versatility, durability, and eco-friendly properties. Among the leading manufacturers and exporters of PET sheets from India, Lyka Global Plast stands out as a top player, providing high-quality products that cater to a global market. 

The Rise of PET Sheets in Industrial Applications 

PET sheets are widely used in various industries, including packaging, electronics, construction, and automotive. Their popularity stems from their exceptional properties, such as high tensile strength, chemical resistance, clarity, and recyclability. As industries worldwide shift towards sustainable and efficient materials, PET sheets have become a preferred choice for manufacturers and suppliers. 

Lyka Global Plast: A Leader in PET Sheets Manufacturing 

Lyka Global Plast has established itself as a premier manufacturer and exporter of PET sheets from India. With a commitment to quality and innovation, the company has consistently delivered top-notch products that meet the diverse needs of its clients. Here's what sets Lyka Global Plast apart: 

1. State-of-the-Art Manufacturing Facilities 

Lyka Global Plast boasts cutting-edge manufacturing facilities equipped with the latest technology and machinery. This enables the company to produce PET sheets of varying thicknesses, sizes, and colors, catering to the specific requirements of different industries. The company's production process adheres to stringent quality standards, ensuring that every sheet meets international norms. 

2. Focus on Quality and Innovation 

Quality is the cornerstone of Lyka Global Plast's operations. The company employs a rigorous quality control process at every stage of production, from raw material selection to the final product. This dedication to quality has earned Lyka Global Plast a reputation for reliability and excellence. Moreover, the company's focus on innovation ensures that it stays ahead of industry trends and continuously improves its products. 

3. Eco-Friendly Practices 

As a responsible manufacturer, Lyka Global Plast is committed to sustainable practices. The company prioritizes the use of recyclable materials and energy-efficient processes in its production. By offering eco-friendly PET sheets, Lyka Global Plast contributes to reducing the carbon footprint of its clients and promoting a greener future. 

4. Global Reach 

Lyka Global Plast's high-quality PET sheets have found a place in markets across the globe. The company's efficient logistics and supply chain management ensure timely delivery to international clients. This global reach has made Lyka Global Plast a preferred partner for businesses seeking reliable PET sheet suppliers. 

5. Customer-Centric Approach 

Understanding the unique needs of its clients, Lyka Global Plast offers customized solutions to meet specific requirements. The company's customer-centric approach, coupled with its technical expertise, has fostered long-term relationships with clients worldwide. 

Conclusion 

Lyka Global Plast has emerged as a top exporter of PET sheets from India, thanks to its unwavering commitment to quality, innovation, and sustainability. The company's state-of-the-art manufacturing facilities, eco-friendly practices, and customer-centric approach have made it a trusted name in the industry. As the demand for PET sheets continues to grow, Lyka Global Plast is well-positioned to lead the market and provide world-class products to its global clientele. 

In conclusion, if you're looking for a reliable supplier of PET sheets, Lyka Global Plast is the ideal choice. With their high-quality products and exceptional service, they ensure that your business needs are met with the utmost professionalism and efficiency. 

[vijukumar]

Lubricants Industry Trends: Key Insights and Developments

The lubricants industry is a significant sector that plays a crucial role in various industries, including automotive, industrial, and aerospace. Lubricants are substances that reduce friction between surfaces in contact, enabling smooth movement and preventing wear and tear. The industry is driven by several key trends that are shaping its future.

Sustainability Efforts

One of the key trends in the lubricants industry is the focus on sustainability. Companies are increasingly adopting eco-friendly practices and developing products that are environmentally friendly. This includes the use of bio-based lubricants and synthetic lubricants that have a lower carbon footprint.

Technological Advancements

Technological advancements are another key trend in the lubricants industry. The use of advanced materials and manufacturing techniques is enabling the development of high-performance lubricants that can withstand extreme conditions. Additionally, the integration of sensors and monitoring systems is improving the efficiency and effectiveness of lubrication systems.

Regulatory Landscape

The regulatory landscape is also playing a significant role in shaping the lubricants industry. Governments are implementing stricter regulations to reduce environmental impact and improve safety. This includes the use of bio-based lubricants and the development of more efficient lubrication systems.

Market Size and Growth

The global lubricants market is expected to grow at a compound annual growth rate (CAGR) of 3.7% from 2024 to 2030, reaching USD 180.21 billion by 2030. The market is driven by the growing demand for automotive oils and greases, as well as the increasing use of lubricants in industrial applications.

Top Companies

The lubricants industry is dominated by several top companies, including ExxonMobil, Shell, and TotalEnergies. These companies are known for their high-quality products and innovative approaches to meeting the evolving demands of various applications.

Regional Analysis

The lubricants market is expected to grow at different rates in various regions. Asia Pacific is expected to register the highest growth rate due to the increasing demand for vehicles and high-performance engines. North America is expected to register the fastest revenue CAGR due to the rising urbanization and expanding industrial developments.

Conclusion The lubricants industry is a significant sector that plays a crucial role in various industries. The industry is driven by several key trends, including sustainability efforts, technological advancements, and regulatory landscape. The market is expected to grow at a CAGR of 3.7% from 2024 to 2030, reaching USD 180.21 billion by 2030. The top companies in the industry are known for their high-quality products and innovative approaches to meeting the evolving demands of various applications.

[medicaldevicesindustrynews]

Exploring the India Industrial Aerosol Market: Trends, Applications, and Growth Potential

The India industrial aerosol market will power at a compound annual growth rate of 5.6% in the future, and will reach USD 115.85 million by 2030.The main reasons, which are accountable for the development of the industry are the increasing requirement for aerosols in vehicle factories and the aftermarket, escalating Indian manufacturing sector, and growing count of initiatives of the government…

[automotive-components]

The Booming Growth of India's Automotive Components Industry: A Deep Dive

In the fast-paced world of automobiles, India's automotive components industry stands as a beacon of growth and innovation. As of the latest reports, the industry is poised to reach a staggering $200 billion by 2026. Let's unravel the dynamics of this thriving sector, analyzing key aspects such as market trends, industry analysis, and the role of automotive components in India's economic landscape.

Automotive Components Industry in India: A Financial Overview

The financial landscape of India's automotive components industry paints a compelling picture of prosperity. The industry witnessed an extraordinary surge, reaching INR 5.60 lakh crore, marking an impressive growth of 32.8%. This substantial leap has surpassed its previous highest turnover of Rs. 4.20 lakh crore recorded in FY21-22.

Market Dynamics and Growth Drivers

The automotive components industry in India is not merely expanding; it's evolving. A comprehensive analysis of the market dynamics reveals a symbiotic relationship with the larger automobile industry. As the demand for vehicles surges, so does the need for high-quality auto parts.

Outlook for the Future

Looking ahead, the outlook for the automotive components industry in India appears promising. The projected growth to $200 billion by 2026 signifies sustained momentum. Factors such as technological advancements, increased vehicle production, and a growing consumer base contribute to this optimistic outlook.

Analyzing the Automotive Components Industry: Trends and Innovations

Technological Advancements

In the era of smart vehicles, the automotive components industry is at the forefront of technological integration. Innovations such as advanced sensors, AI-driven components, and eco-friendly materials are reshaping the landscape. This not only enhances the performance of vehicles but also aligns with global sustainability goals.

Market Trends

Keeping a pulse on market trends is crucial for industry players. From a surge in electric vehicle components to the integration of IoT technologies, staying ahead of trends ensures competitiveness in the ever-evolving market.

Auto Parts Industry: A Historical Perspective

Evolution of Auto Parts Industry

To understand the present, we must delve into the past. The auto parts industry's historical journey unveils its evolution from rudimentary components to sophisticated systems. This evolution sets the stage for comprehending the current market scenario.

Current Market Scenario

With a historical foundation, we pivot to the present. The auto parts industry is witnessing a paradigm shift with the integration of digital technologies and emphasis on sustainability. This shift not only meets current demands but also anticipates future needs.

Automobile Industry Analysis: A Symbiotic Relationship

Interconnectedness with Automotive Components Sector

The success of the automotive components industry is intricately linked to the automobile sector. As the automobile industry expands, the demand for cutting-edge components grows, creating a mutually beneficial relationship.

Challenges and Opportunities

No industry is without challenges. The article explores the hurdles faced by the automotive industry in India, ranging from supply chain disruptions to regulatory complexities. Simultaneously, it delves into the opportunities these challenges present for innovation and growth.

Automotive Components Manufacturing Industry: Processes and Sustainability

Manufacturing Processes

Behind the scenes, the manufacturing processes in the automotive components industry play a pivotal role. From precision machining to advanced assembly lines, understanding these processes provides insights into the industry's efficiency.

Embracing Sustainability

Sustainability is not just a buzzword; it's a necessity. The industry's commitment to sustainable practices is explored, shedding light on initiatives that reduce environmental impact and promote responsible manufacturing.

Automotive Composite Materials Market: Shaping the Future

Significance in the Industry

Composite materials are emerging as game-changers in the automotive components sector. Their lightweight nature, coupled with durability, makes them integral to modern vehicles. The article examines the role these materials play and their impact on the industry.

Advantages and Challenges

While automotive composite materials offer numerous advantages, including fuel efficiency and enhanced safety, they also pose unique challenges. A balanced assessment provides a comprehensive view of their role in the industry.

Conclusion: Navigating the Road Ahead

In conclusion, the automotive components industry in India is not just growing; it's thriving. The surge in financial figures, coupled with technological advancements and sustainability initiatives, paints a promising future. As the industry navigates challenges and embraces opportunities, it remains a crucial player in the global automotive landscape.

[futuretonext]

The India Automotive Lubricants Market is projected to grow at a CAGR of around 2.0% during the forecast period, i.e., 2023-28. The market growth is attributed to the rising disposable income in the region because of rapid urbanization, affecting the standard of living and raising automotive sales to fulfill consumers’ desire to own a personal vehicle instead of public transport. Also, the maintenance of luxury cars further incorporates the implementation of lubricants, securing industrial extension. Thus, the rising penetration of on-road vehicles, private cars for transportation, consumer affordability, and maintenance habits, combined with the presence of aging vehicles exhibiting the scope of their care, further fuels the market expansion.

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BDB’s unparalleled experience in the automobile sector includes strategy consulting assignments in every field of motorized vehicles, be it regular two wheelers or passenger cars, light commercial vehicles, heavy vehicles, special purpose vehicles or even off highway equipment like excavators. BDB is Best industrial market research

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[blueweave8]

India Automotive Sensors Market Demand, Insight, Outlook 2023-2029

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated India automotive sensors market size at USD 1,570.11 million in 2022. During the forecast period between 2023 and 2029, BlueWeave expects India automotive sensors market size to grow at a significant CAGR of 14.17% reaching a value of USD 3,940.39 million by 2029. Major growth factors of India automotive sensors market include increasing focus on passenger, pedestrian, and vehicle safety in the country, high disposable income in India, the entry of foreign auto manufacturers increasing adoption of autonomous vehicles and growing government regulations on emission control. The government has mandated a few features, such as Reverse Parking Assist, which could aid market growth. Similarly, rising usage of ADAS systems in both passenger and commercial vehicles is expected to propel the market. Besides, the entrance of electric vehicles will drastically alter the number and deployment of pressure sensors and magnetic sensors in the automobile in the long run, accelerating the India automotive sensors market in the approaching years. Fewer pressure sensors are required in an electrified vehicle, but more magnetic sensors are required to monitor the battery and enable various positioning and detection of moving elements. Automobile sensors for early applications, such as fewer emissions, higher fuel economy, and on-board diagnostics, currently dominate the power system applications of the automotive system. Such factors are expected to boost the expansion of India automotive sensors market during the period in analysis. However, long distance to travel is anticipated to restrain the overall market growth.

India Automotive Sensors Market– Overview

Automotive sensors, which are present in vehicles, are the essential components of the perception layer. The number of sensors in an automobile directly impacts its intelligence level. There are two types of automotive sensors: environmental monitoring and body perception. Body sensing sensors are used to gather information about the body, such as tire pressure, oil pressure, and vehicle speed. Ultrasonic radar is mostly utilized for backup radar and short-distance obstacle monitoring in automatic parking, while cameras, millimeter-wave radars, and LiDAR (light detection and raging) are widely used in other ADAS (Advanced Driver Assistance Systems) operations. The arrival of electric vehicles would drastically alter the quantity and distribution of pressure and magnetic sensors within the vehicle, influencing the automotive sensor industry. The Indian government has enacted legislation requiring the installation of certain mandatory automotive sensors, which will encourage increased demand and usage for automotive sensors across all vehicle segments in the Indian automotive market. North India is predicted to account for the lion's share by 2027, owing to rising population and economic levels, which have resulted in greater demand for automobiles. Furthermore, the growing consumer preference for comfort, safety, and elegance will drive the India automotive sensor market.

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Impact of COVID-19 on India Automotive Sensors Market

COVID-19 had a detrimental impact on the automotive sensor market. The cessation of manufacturing and end-of-life sector operations harmed the automotive sensors market. The pandemic harmed the industry's overall growth. The COVID-19 pandemic in 2020 and early 2021 prompted countries to impose stringent lockdown measures, complicating automotive sensor import and export activity. As a result, the growth of the Saudi Arabia automotive sensors market is hampered. However, following the pandemic, the country's sales volume of passenger automobiles and hybrid electric vehicles grew due to the country's relaxation of COVID-19-related restrictions. As a result, the Saudi Arabia automotive sensors market is predicted to overcome all damages caused during the forecast period and to increase at a rapid pace.

India Automotive Sensors Market – By Sensor Type

Based on sensor type, India automotive sensors market is divided into Temperature Sensors, Pressure Sensors, Oxygen Sensors, NOx Sensors, Position Sensors, Speed Sensors, Inertial Sensors, and Image Sensors segments. The position sensor segment held the highest market share in 2022, due to a rising demand for premium vehicles and increased desire for greater driver convenience. The need to ensure the proper operation and safety of all automobile components is driving rising demand for position sensors. Continuous improvements in the automotive sector, as well as the release of updated position sensors, may drive increasing demand for position sensors in India. Followed by, temperature sensors are predicted to be the second most dominant segment which aid in detecting transmission fluid temperature, exhaust gas temperature, engine oil temperature, fuel temperature, and coolant water.

Competitive Landscape

Major players operating in India automotive sensors market include Autoliv Inc, Robert Bosch, Continental Ag, DENSO Corporation, Delphi Automotive Company, Infineon Technologies AG, NXP Semiconductor, Sensata Technologies, STMicroelectronics N.V, and Valeo. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

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[mariacallous]

Elon Musk will be pleased that his surprise jaunt to China on Sunday garnered many glowing headlines. The trip was undoubtedly equally a surprise to Indian prime minister Narendra Modi, who had been scheduled to offer Musk the red carpet on a long-arranged visit.

The billionaire blew off India at the last minute, citing “very heavy Tesla obligations.” Indeed, Tesla has had a tumultuous couple of weeks, with federal regulator slap-downs, halved profits, and price-cut rollouts. Yet, in a very public snub that Modi won’t quickly forget, the company CEO made time for Chinese premier Li Qiang. And well Musk might. Tesla needs China more than China needs Tesla. After the US, China is Tesla’s second biggest market. And ominously, in the first quarter of the year, Tesla’s sales in China slipped by 4 percent in a domestic EV market that has expanded by more than 15 percent. That’s enough of a hit for any CEO to jump in a Gulfstream and fly across the Pacific for an impromptu meeting with a Chinese premier. Globally, Tesla has lost nearly a third of its value since January, and earlier this month, Tesla’s worldwide vehicle deliveries in the first quarter fell for the first time in almost four years. As they are wont to do, Tesla investors continue to complain over repeated delays to the company’s rollout of cars with genuine driverless capabilities.

One of Tesla’s stop-gap technologies—a now heavily-discounted $8,000 add-on—is marketed as Full Self-Driving, or FSD. But, like the similarly confusingly named Autopilot feature, it still requires driver attention, and may yet still prove to be risky. Among the deals said to have been unveiled at Sunday’s meeting with Li Qiang was a partnership granting Tesla access to a mapping license for data collection on China’s public roads by web search company Baidu. This was a “watershed moment,” Wedbush Securities senior analyst Dan Ives said in an interview with Bloomberg Television. However, Tesla has been using Baidu for in-car mapping and navigation in China since 2020. The revised deal, in which Baidu will now also provide Tesla with its lane-level navigation system, clears one more regulatory hurdle for Tesla’s FSD in China. It does not enable Tesla to introduce driverless cars in China or anywhere else, as some media outlets have reported. Press reports have also claimed that Musk has secured permission to transfer data collected by Tesla cars in China out of China. This is improbable, noted JL Warren Capital CEO and head of research Junheng Li, who wrote on X: “[Baidu] owns all data, and shares filtered data with Tesla. Just imagine if [Tesla] has access to real-time road data such as who went to which country’s embassy at what time for how long.” That, she stressed, would be “super national security!” According to Reuters, Musk is still seeking final approval for the FSD software rollout in China, and Tesla still needs permission to transfer data overseas. Li added that a rollout of even a “supervised,” data-lite version of FSD in China is “extremely unlikely.” She pointed to challenges for Tesla to support local operation of the software. Tesla still “has no [direct] access to map data in China as a foreign entity,” she wrote. Instead, Tesla is likely using the deal extension with Baidu as an FSD workaround, with the data collected in China very much staying in China. Despite this, Tesla shares have jumped following news of the expanded Baidu collaboration. Furthermore, Li said there’s “no strategic value” for Beijing to favor FSD when there are several more advanced Chinese alternatives. (We’ve tested them.)

“Chinese EVs are simply evolving at a far faster pace than Tesla,” agrees Shanghai-based automotive journalist and WIRED contributor Mark Andrews, who tested the driver assistance tech available on the roads in China. The US-listed trio of Xpeng, Nio, and Li Auto offer better-than-Tesla “driving assistance features” that rely heavily on lidar sensors, a technology that Musk previously dismissed, but which Tesla is now said to be testing. Although dated in shape and lacking in the latest tech, a Tesla car is nevertheless more expensive in China than most of its rivals. Tesla recently slashed prices in China to arrest falling sales. Musk’s flying visit to China smacked of “desperation,” says Mark Rainford, owner of the Inside China Auto channel. “[Tesla] sales are down in China—the competition has weathered the price cuts so far and [the Tesla competitors have] a seemingly endless conveyor belt of talented and beautiful products.” Rainford further warns that the “golden period for Tesla in China” is “at great risk of collapsing.” Tesla opened its first gigafactory in Shanghai five years ago, and it is now the firm’s largest—but the automaker has been playing tech catchup in China for some time. In addition to Xpeng, Nio, and Li, there are other Chinese car companies competing with Tesla on autonomous driving, as Musk will see if he visits the Beijing Motor Show, which runs through this week.

Beijing is now arguably the world’s preeminent automotive expo, but Tesla is not exhibiting—a sign that it has little new to offer famously tech-hungry Chinese autobuyers. Pointedly, the Cybertruck is not road-legal in China, although that hasn’t stopped Tesla from displaying the rust-prone electric pickup in some of its Chinese showrooms. Likewise, Tesla has just announced plans for a European Cybertruck tour. But, just like in China, the EV pickup cannot be sold in the EU, either—and according to Tesla's lead on vehicle engineering, it likely never will be.

Speaking on tighter pedestrian safety regulations in the EU compared to the US, Tesla’s vice president of vehicle engineering, Lars Moravy, told Top Gear that “European regulations call for a 3.2-mm external radius on external projections. Unfortunately, it’s impossible to make a 3.2-mm radius on a 1.4-mm sheet of stainless steel.”

The “Cybertruck Odyssey” tour—as Tesla’s European X account calls it—may titillate Tesla fans, but it could prove to be about as useful as shooting a Roadster into space.

[vijukumar]

Lubricants Market Size, Industry Share and Trends

In the intricate machinery of global industries, lubricants play a crucial role, ensuring smooth operations and longevity of equipment. The lubricants market, a vast and ever-evolving sector, encompasses various subcategories like industrial lubricants, automotive lubricants, marine lubricants, and specialty lubricants. In this blog, we will delve into the intricacies of the lubricants market, exploring its current landscape, key players, and the future trajectory of this essential industry.

Global Lubricants Market Overview:

The global lubricants market has witnessed remarkable growth in recent years, driven by the increasing demand from diverse sectors such as automotive, industrial, and marine. The global lubricants market size was estimated at USD 139.44 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 3.8% from 2024 to 2030. The market's expansive nature is reflected in its diversity, with industrial lubricants manufacturers and automotive lubricants producers contributing significantly to its overall dynamism.

Industrial Lubricants: Powering Progress

Industrial lubricants form the backbone of many manufacturing processes, reducing friction and wear between machinery components. As industrialization continues to surge worldwide, the demand for high-quality lubricants is on the rise. Industrial lubricant distributors and suppliers play a pivotal role in ensuring that businesses have access to the right lubricants for their specific needs.

Automotive Lubricants: Paving the Way Forward

The automotive sector is a major consumer of lubricants, with manufacturers focusing on innovative formulations to enhance engine performance and fuel efficiency. The lubricant market in India, in particular, is witnessing substantial growth due to the burgeoning automotive industry in the region. The top 10 lubricants companies in the world are continually investing in research and development to stay ahead in this competitive landscape.

Marine Lubricant Market: Navigating Challenges

The maritime industry relies heavily on specialized lubricants to ensure the smooth operation of ship engines and components. The marine lubricant market is influenced by factors such as global shipping trends, environmental regulations, and technological advancements. As sustainability becomes a key concern, there is a growing emphasis on eco-friendly lubricants within the marine sector.

Future of the Lubricants Industry: A Glimpse Ahead

The lubricants sector is poised for significant advancements in the coming years. With the rise of smart manufacturing and Industry 4.0, the industry is embracing digitalization and automation. This shift is expected to enhance efficiency in lubricant production, distribution, and application. Additionally, the demand for specialty lubricants is projected to grow as industries seek tailored solutions for specific applications.

Specialty Lubricants Market: Meeting Unique Requirements

Specialty lubricants cater to niche industries with specific lubrication needs. As technology evolves, these lubricants are becoming more advanced, addressing challenges such as extreme temperatures, heavy loads, and harsh environments. The top 10 lubricant oil brands in the world are actively contributing to the development and expansion of the specialty lubricants market.

Lubricant Industry in India: A Booming Landscape

India, with its rapidly growing industrial and automotive sectors, is a key player in the global lubricants market. The oil and lubricants industry in India is witnessing robust growth, driven by factors like urbanization, infrastructure development, and increased vehicle ownership. HP Lubricants, a major player in the Indian market, exemplifies the success of strategic distribution and product innovation.

Conclusion:

As we navigate the complex and ever-changing seas of the global lubricants market, it is clear that this industry is not just about reducing friction; it's about powering progress, ensuring sustainability, and meeting the evolving needs of diverse sectors. Whether in the automotive, industrial, or marine realm, lubricants continue to play a pivotal role in keeping the wheels of progress turning smoothly. As the industry embraces innovation and adapts to emerging trends, the future of the lubricants market holds promise and potential for both manufacturers and consumers alike.

[hurricanewindattack]

I saw an interesting article showing how the Las Vegas GP is based upon an entirely new business model:

Classic races were funded by local race promoters (often the local automotive club/association based around a track). Money was made back via ticket sales. Therefore, F1 was often restricted to places with an existing huge, committed following.

The Bernie-era saw a shift to the 'highest bidder' promoters getting races. These ofc ended up typically being governments wanting to attract attention to their countries (such as in the middle east). Money need not be made back, the returns can be intangibles (ie: prestige). There are drawbacks and benefits: it brought racing to new places, but also caused the hullaballoo over human rights.

For the Vegas GP though, FOM is the promoter. This means, critically, that local government support is less critical, nor are wealthy/historic automotive clubs. The FOM can choose locations based on potential market value and possibility of establishing the presence of F1 itself. Returns can be longer term.

Seen this way I'm divided over it. This could be a possible way to bring races to India and the African continent. The success of the Vegas GP could do some good.