Construction and mining equipment demand high performance lubricants that can withstand severe weather and geographic conditions. These equipment work in harsh conditions, involved in handling of heavy loads, high temperature conditions, and are open to excessive wear. All these require lubricants of specialised formulation and technologies to reduce the downtime of the equipment and increase efficiency in such conditions. Lubricants play a vital role in increasing equipment productivity and reducing total cost of ownership by reducing downtime and increasing efficiency. Effective lubrication management can help deliver value from improved productivity, reductions in lubricant consumption, and lower maintenance costs.
Lubricants market in India is robust and expected to grow consistently at a CAGR of 4.64 per cent over the next five years, according to market research reports. Lubricant manufacturers are now focusing on speciality lubricants with added features that suit the operations in harsh and extreme conditions. They are now using base oils of higher grade for better results. While the market for synthetic lubricants is growing at a greater pace due to its stability and consistency in extreme conditions, bio-based lubricants are also getting traction with a focus on environment. The Special Focus on Lubricants elaborates on the lubricants market in India and the growth scenario. Read the views of leading lubricant players for a wider picture of the lubricant market.
With the emission regulations are going to the next level at a faster pace, major engine players are in the workshop of bringing in more environment-friendly features to their products. The mining sector is on an upsurge given the economy's growth that has led to the need for local raw material. As an engine supplier, Volvo Penta has underlined this fact by the growing number of mining equipment in India, powered by its diesel engines.
The company sees a great opportunity for highly reliable and fuel-efficient engines to support the developments in India 'in time and at cost'. The interview of Miron Thoms provide more details on the company's efforts in emission compliant engines to the market.