Feb 12: The Indian lubricant industry seems to be doing well.
8Turnover and profitability are both up, pushed by rising sales of two and four wheelers
8The imposition of GST has come as a big boost, aided by a cut in the tax rate from 28% to 18%.
8Companies are indulging in brand building, expanding distribution and aggressively acquiring customers.
8Base oil prices have jumped but companies have been able to pass them on to customers.
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