Motul India targets 13-14% growth in FY27 as industry slows. The French lubricant maker expects revenue to reach 1,220-1,250 crore from 1,080-1,100 crore in FY26, bucking the broader trend. India's automotive lubricant industry faces headwinds, projected to grow just 1% next fiscal year compared to double-digit expansion previously, due to elevated input costs from Middle East disruptions. Motul has already raised prices once in May and plans another increase in June as base oil costs surge 50%. The company has passed on only 30-35% of input cost increases so far. With 90% revenue from aftermarket channels and partnerships with major automakers, Motul aims to reach double-digit market share in FY27 and become the number two player by FY30.
