Castrol India has delivered a robust financial performance in 2020 but also set the business for growth, said Sandeep Sangwan, Managing Director of Castrol India in an interview with CNBC-TV18 on Wednesday.

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“We continue to introduce new products. We have introduced three new products in the second half of 2020. I am very buoyant on 2021 with the recovery that we are seeing and definitely we should have a good year ahead of ourselves in terms of growth,” he said.

The company is confident of maintaining the margin levels, Sangwan said.

He believes one has to look at 2020 in the context of the pandemic situation.

“If I look at Q3 and Q4, the way demand has come up, I am very confident of getting back to the same levels of profit and profitability that we have delivered to our shareholders,” Sangwan mentioned.

January 2021 has been better than January 2020 and January 2019, he said.

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(Edited by : Ajay Vaishnav)