Daewoo's Bold Entry into India's Lubricant Market

Daewoo partners with Mangali Industries to enter the Indian automotive lubricant sector. They aim to manufacture and sell lubricants nationwide, with plans for expansion. A second plant may be set up in Gujarat, allowing the company to explore exports to Southeast Asia and Africa.

South Korean conglomerate Daewoo has officially announced its entry into the Indian automotive lubricant sector, forming a partnership with petroleum and chemical product manufacturer Mangali Industries.

Mumbai-based Mangali Industries Ltd (MIL) will have the exclusive rights to manufacture and distribute Daewoo lubricants across India, catering to a wide range of vehicles including two-wheelers, passenger cars, and commercial vehicles.

Indicating ambitious growth plans, company officials revealed potential for a second manufacturing unit in Kandla, Gujarat, aimed at expanding into new segments and foreign markets such as Southeast Asia and Africa.

(With inputs from agencies.)