Energy and Natural Resources
Oil & Gas
SAP provides intelligent, integrated applications that enable Oil and Gas companies to automate their day-to-day business processes and better interact with their customers, suppliers, and employees.
40% of digital transformation initiatives will use RPA services
Oil, gas, and energy companies are streamlining and simplifying operations by creating intelligent enterprises based on industrialized and intelligent cloud services that enable innovative technologies such as robotic process automation (RPA). Size of the Indian lubricants market is estimated to be around USD 2.62 billion. The annual consumption stands at around 1.5 million kilo litres. India is the sixth largest lubricants market in the world with an annual value growth rate of around 6-7 %.
Automotive, Industrial and Marine lubricants form the lubricant pie in the ration 60 : 35 : 5.Products include Auto Engine Oils, Auto gear oils, Auto greases, Turbine oils, Hydraulic oils, Metal working oils, gear oils, rolling oils.
Major players include IOC, HPCL, BPCL, Castrol, TotalFina Elf, Tidewater Oil Co., Exxon-Mobil, Motul and Gulf Oil. These players are active in the automotive and industrial lubricant segment.
The marine lubricant segment primarily includes IOC, TotalFina Elf and Apar industries
There are three primary channels for sales of lubricants in India: