India Automotive Engine Oils Market Size
| 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 |
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 : Motorcycles
- 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 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
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Bharat Petroleum Corporation Limited
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BP PLC (Castrol)
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Gulf Oil International
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Hindustan Petroleum Corporation Limited
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Indian Oil Corporation Limited
*Disclaimer: Major Players sorted in no particular order
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. Executive Summary & Key Findings
2. Introduction
2.1 Study Assumptions & Market Definition
2.2 Scope of the Study
2.3 Research Methodology
3. Key Industry Trends
3.1 Automotive Industry Trends
3.2 Regulatory Framework
3.3 Value Chain & Distribution Channel Analysis
4. Market Segmentation
4.1 By Vehicle Type
4.1.1 Commercial Vehicles
4.1.2 Motorcycles
4.1.3 Passenger Vehicles
4.2 By Product Grade
5. Competitive Landscape
5.1 Key Strategic Moves
5.2 Market Share Analysis
5.3 Company Profiles
5.3.1 Bharat Petroleum Corporation Limited
5.3.2 BP PLC (Castrol)
5.3.3 ExxonMobil Corporation
5.3.4 Gulf Oil International
5.3.5 Hindustan Petroleum Corporation Limited
5.3.6 Indian Oil Corporation Limited
5.3.7 Motul
5.3.8 PETRONAS Lubricants International
5.3.9 Royal Dutch Shell Plc
5.3.10 Valvoline Inc.
6. Appendix
6.1 Appendix-1 References
6.2 Appendix-2 List of Tables & Figures
7. Key Strategic Questions for Lubricants CEOs
India Automotive Engine Oils Industry Segmentation
| By Vehicle Type | |
| Commercial Vehicles | |
| Motorcycles | |
| Passenger Vehicles |
India Automotive Engine Oils Market Research FAQs
How big is the India Automotive Engine Oils Market?
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.
What is the current India Automotive Engine Oils Market size?
In 2024, the India Automotive Engine Oils Market size is expected to reach 1.42 billion Liters.
Who are the key players in India Automotive Engine Oils Market?
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.
Which segment has the biggest share 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.
Which is the fastest growing segment in the India Automotive Engine Oils Market?
In 2024, the Motorcycles segment accounts for the fastest growing by vehicle type in the India Automotive Engine Oils Market.
What years does this India Automotive Engine Oils Market cover, and what was the market size in 2023?
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.
