India Automotive Engine Oils Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2026

The Market Report Covers India's Automotive Motor Oil Companies and is Segmented by Vehicle Type (Commercial Vehicles, Motorcycles, Passenger Vehicles) and by Product Grade.

India Automotive Engine Oils Market Size

Single User License

$4750

Team License

$5250

Corporate License

$8750

Book before:
View Global Report
India Automotive Engine Oils Market
Study Period 2015 - 2026
Base Year For Estimation 2020
Market Volume (2024) 1.42 Billion Liters
Market Volume (2026) 1.58 Billion Liters
CAGR (2024 - 2026) 5.48 %
Market Concentration High
setting-icon

Need a report that reflects how COVID-19 has impacted this market and its growth?

Single User License

$4750

Team License

$5250

Corporate License

$8750

Book before:

India Automotive Engine Oils Market Analysis

The India Automotive Engine Oils Market size is estimated at 1.42 Billion Liters in 2024, and is expected to reach 1.58 Billion Liters by 2026, growing at a CAGR of 5.48% during the forecast period (2024-2026).

  • Largest Segment by Vehicle Type - Motorcycles : Increasing servicing frequencies and high motorcycle population and usage rates in India are the primary reasons for the motorcycle segment's high engine oil consumption.
  • Fastest Segment by Vehicle Type - Motorcycles : The anticipated robust rebound in motorcycle production and the sales in India in 2021 are expected to boost motorcycle engine oil consumption over the forecast period.

India Automotive Engine Oils Market Trends

This section covers the major market trends shaping the India Automotive Engine Oils Market according to our research experts:

Largest Segment By Vehicle Type : <span style="font-family: 'regular_bold';color:#0e7db3;">Motorcycles</span>

  • In India, engine oils accounted for about 81% of automotive lubricant consumption in 2020. During 2015-2019, engine oil consumption in the country recorded a CAGR of 7.89%. The rise in vehicle sales and higher dominance of mineral-based engine oils have been the major factors driving automotive engine oil consumption in the country.
  • In 2020, the COVID-19 outbreak resulted in a massive decline in the usage rate of the existing vehicle fleets in the country, which led to a 16.2% dip in engine oil consumption. The motorcycles segment recorded the largest decline of about 19% in engine oil consumption during the year.
  • During 2021-2026, the motorcycles segment is expected to register the highest CAGR of about 6.69% for engine oil consumption, followed by the passenger vehicle (6.5%) and commercial vehicle (5.88%) segments, respectively.
India Automotive Engine Oils Market

India Automotive Engine Oils Industry Overview

The India Automotive Engine Oils Market is moderately consolidated, with the top five companies occupying 55.88%. The major players in this market are Bharat Petroleum Corporation Limited, BP PLC (Castrol), Gulf Oil International, Hindustan Petroleum Corporation Limited and Indian Oil Corporation Limited (sorted alphabetically).

India Automotive Engine Oils Market Leaders

  1. Bharat Petroleum Corporation Limited

  2. BP PLC (Castrol)

  3. Gulf Oil International

  4. Hindustan Petroleum Corporation Limited

  5. Indian Oil Corporation Limited

*Disclaimer: Major Players sorted in no particular order

India Automotive Engine Oils Market
Need More Details on Market Players and Competitors?
Download PDF

India Automotive Engine Oils Market News

  • January 2022: Effective April 1, ExxonMobil Corporation was organized along three business lines - ExxonMobil Upstream Company, ExxonMobil Product Solutions and ExxonMobil Low Carbon Solutions.
  • December 2021: ExxonMobil introduced a line of synthetic engine oils, i.e., Mobil Super Pro, for SUVs in India.
  • October 2021: Valvoline and Cummins extended their long-standing marketing and technology collaboration agreement for another five years. Cummins will endorse and promote Valvoline's Premium Blue engine oil for its heavy-duty diesel engines and generators and will distribute Valvoline products through its global distribution networks.

India Automotive Engine Oils Market Report - Table of Contents

  1. 1. Executive Summary & Key Findings

  2. 2. Introduction

    1. 2.1 Study Assumptions & Market Definition

    2. 2.2 Scope of the Study

    3. 2.3 Research Methodology

  3. 3. Key Industry Trends

    1. 3.1 Automotive Industry Trends

    2. 3.2 Regulatory Framework

    3. 3.3 Value Chain & Distribution Channel Analysis

  4. 4. Market Segmentation

    1. 4.1 By Vehicle Type

      1. 4.1.1 Commercial Vehicles

      2. 4.1.2 Motorcycles

      3. 4.1.3 Passenger Vehicles

    2. 4.2 By Product Grade

  5. 5. Competitive Landscape

    1. 5.1 Key Strategic Moves

    2. 5.2 Market Share Analysis

    3. 5.3 Company Profiles

      1. 5.3.1 Bharat Petroleum Corporation Limited

      2. 5.3.2 BP PLC (Castrol)

      3. 5.3.3 ExxonMobil Corporation

      4. 5.3.4 Gulf Oil International

      5. 5.3.5 Hindustan Petroleum Corporation Limited

      6. 5.3.6 Indian Oil Corporation Limited

      7. 5.3.7 Motul

      8. 5.3.8 PETRONAS Lubricants International

      9. 5.3.9 Royal Dutch Shell Plc

      10. 5.3.10 Valvoline Inc.

  6. 6. Appendix

    1. 6.1 Appendix-1 References

    2. 6.2 Appendix-2 List of Tables & Figures

  7. 7. Key Strategic Questions for Lubricants CEOs

You Can Purchase Parts Of This Report. Check Out Prices For Specific Sections
Get Price Break-up Now

India Automotive Engine Oils Industry Segmentation

By Vehicle Type
Commercial Vehicles
Motorcycles
Passenger Vehicles
Need A Different Region Or Segment?
Customize Now

India Automotive Engine Oils Market Research FAQs

The India Automotive Engine Oils Market size is expected to reach 1.42 billion Liters in 2024 and grow at a CAGR of 5.48% to reach 1.58 billion Liters by 2026.

In 2024, the India Automotive Engine Oils Market size is expected to reach 1.42 billion Liters.

Bharat Petroleum Corporation Limited, BP PLC (Castrol), Gulf Oil International, Hindustan Petroleum Corporation Limited and Indian Oil Corporation Limited are the major companies operating in the India Automotive Engine Oils Market.

In the India Automotive Engine Oils Market, the Motorcycles segment accounts for the largest share by vehicle type.

In 2024, the Motorcycles segment accounts for the fastest growing by vehicle type in the India Automotive Engine Oils Market.

In 2023, the India Automotive Engine Oils Market size was estimated at 1.33 billion Liters. The report covers the India Automotive Engine Oils Market historical market size for years: 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the India Automotive Engine Oils Market size for years: 2024, 2025 and 2026.

India Automotive Engine Oils Industry Report

Statistics for the 2024 India Automotive Engine Oils market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. India Automotive Engine Oils analysis includes a market forecast outlook to 2026 and historical overview. Get a sample of this industry analysis as a free report PDF download.

80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Please enter a valid email id!

Please enter a valid message!

India Automotive Engine Oils Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2026