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. Read More

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. Read More

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. Read More

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. Read More

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. Read More

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. Read More

India Automotive Engine Oils Market Trends

Statistics for the 2023 & 2024 India Automotive Engine Oils market trends, created by Mordor Intelligence™ Industry Reports. India Automotive Engine Oils trend report includes a market forecast to 202 and historical overview. Get a sample of this industry trends analysis as a free report PDF download.

Market Trends of India Automotive Engine Oils Industry

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.