Bottomline to be affected next quarter on auto sales, lubricant biz slowdown: Castrol
Ravi Kirpalani, Automotive Director & Chief Operating Officer at Castrol India Ltd speaks to NDTV Profit about the decrease in advertising spend, price hikes, and demand outlook in automotive segment. He says that there has been a 6 per cent price rise in the last few months. He further adds that lubricant market has been sluggish while slowdown in auto sales adding to the concern. He expects bottomline to be impacted next quarter.
