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Is starting a lubricant business in India a good idea?
According to recent research, the business of lubricants in India will increase by 44% by 2035. Therefore, more investors are investing in the business as the profit is enormous in this model. The main reason for the huge profit is due to the increase in the number of commercial and passenger vehicles. In addition to this, the easier availability, the low cost, and the increased application of lubricants in various sectors are driving the lubricant market.

Now, let us discuss the steps you may follow to start a lubricant business in India.

Formulate a business plan
The first step you must take before starting a lubricant business in India is to determine the type of lubricant you are going to sell and the type of shop you want to establish. Are you planning on opening a retail shop or in-house protection? If you are manufacturing lubricants, you have to know that the task is not going to be easy and you need proper knowledge and expertise.

As your production increases, It is necessary to hire experts. Then you have to decide whether you are planning for an online or an offline shop. The things you have to consider in the business planning groups are the size of the shop, your storage space where you will be keeping your goods, and how you will be delivering your products if you are going for an online business.

Finally, you have to create a business strategy. The plan will change accordingly as you grow in the marketplace. Hence, it is best to have Business Plan and Project Report made by professionals as it will also help you in getting a business loan.

Individualized solutions for every industry
Every industrial sector requires lubricants to meet their particular requirements and those of each individual manufacturer or operator, whether machine building, automotive, textile, food-processing or wind power.

Alexa Lubrication offers lubrication solutions for every industry and every application. We have NSF H1-registered lubricants for the food-processing industry, scourable lubricants for the textile industry, lubricants with high thermal stability for the wood industry... Our advanced research and development activities are aimed at meeting all your requirements.