If you read through the notice, you may appreciate the fact that lubricants, oils and greases have use in industrial applications as well, which is a big market by itself
Again, EVs are much hyped, and the evidence lies in the sales quantity compared to general ICE engine 2-wheelers. India still lacks the infrastructure and reliability in terms of offering EVs that can disrupt the market like it did in China. So, at least for the next 2 decades, ICE engines will co-exist and this may be one of the reason for this diversification
Disc: not invested
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