India Automotive Lubricants Market Size
| Study Period | 2015 - 2026 |
| Base Year For Estimation | 2020 |
| Market Volume (2024) | 1.76 Billion Liters |
| Market Volume (2026) | 1.97 Billion Liters |
| CAGR (2024 - 2026) | 5.80 % |
| Market Concentration | High |
India Automotive Lubricants Market Analysis
The India Automotive Lubricants Market size is estimated at 1.76 Billion Liters in 2024, and is expected to reach 1.97 Billion Liters by 2026, growing at a CAGR of 5.80% during the forecast period (2024-2026).
- Largest Segment by Vehicle Type - Commercial Vehicles : The highest lubricant consumption in the country's commercial vehicle industry is attributable to India's high average lubricant requirements and the presence of older trucks.
- Fastest Segment by Vehicle Type - Motorcycles : Motorcycle production and sales in India are predicted to improve from 2021 rapidly. As a result, their automotive lubricant consumption is also likely to increase rapidly.
- Largest Segment by Product Type - Engine Oils : Engine oils form the leading product type due to their high volume requirements and shorter drain intervals. They are used in high-temperature and high-pressure applications.
- Fastest Segment by Product Type - Transmission & Gear Oils : In India, the demand for transmission oils may rise during the forecast period, owing to the growing adoption of automatic transmissions and changing consumer preferences.
India Automotive Lubricants Market Trends
This section covers the major market trends shaping the India Automotive Lubricants Market according to our research experts:
Largest Segment By Vehicle Type : Commercial Vehicles
- In India, motorcycles accounted for 77.55% of the total number of on-road vehicles in 2020, followed by passenger vehicles (PVs) and commercial vehicles (CVs), with a share of 16.84% and 5.61%, respectively.
- However, commercial vehicle accounted for the highest share of 35.7% in total lubricant consumption in 2020, followed by motorcycles (33.15%) and passenger vehicle (31.1%) respectively. In 2020, COVID-19 outbreak led to notable dip in lubricants consumption, wherein the motorcylce lubricant consumption recorded the highest dip rate of 18.6%, followed by passenger vehicles (16.3%).
- The motorcycles segment is projected to be the fastest-growing lubricant segment, with a CAGR of 6.63% over 2021-2026. The growth is projected to be driven by expected rise in demand for personal mobility and rise in electric vehicle usage.
India Automotive Lubricants Industry Overview
The India Automotive Lubricants Market Report is moderately consolidated, with the top five companies occupying 56.08%. 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 Lubricants 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 Lubricants 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 Lubricants 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 Type
4.2.1 Engine Oils
4.2.2 Greases
4.2.3 Hydraulic Fluids
4.2.4 Transmission & Gear Oils
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 Idemitsu Kosan Co. Ltd
5.3.7 Indian Oil Corporation Limited
5.3.8 PETRONAS Lubricants International
5.3.9 Royal Dutch Shell Plc
5.3.10 TIDE WATER OIL CO. (INDIA) LTD
5.3.11 TotalEnergies
5.3.12 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 Lubricants Industry Segmentation
| By Vehicle Type | |
| Commercial Vehicles | |
| Motorcycles | |
| Passenger Vehicles |
| By Product Type | |
| Engine Oils | |
| Greases | |
| Hydraulic Fluids | |
| Transmission & Gear Oils |
India Automotive Lubricants Market Research FAQs
How big is the India Automotive Lubricants Market?
The India Automotive Lubricants Market size is expected to reach 1.76 billion Liters in 2024 and grow at a CAGR of 5.80% to reach 1.97 billion Liters by 2026.
What is the current India Automotive Lubricants Market size?
In 2024, the India Automotive Lubricants Market size is expected to reach 1.76 billion Liters.
Who are the key players in India Automotive Lubricants 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 Lubricants Market.
Which segment has the biggest share in the India Automotive Lubricants Market?
In the India Automotive Lubricants Market, the Commercial Vehicles segment accounts for the largest share by vehicle type.
Which is the fastest growing segment in the India Automotive Lubricants Market?
In 2024, the Motorcycles segment accounts for the fastest growing by vehicle type in the India Automotive Lubricants Market.
What years does this India Automotive Lubricants Market cover, and what was the market size in 2023?
In 2023, the India Automotive Lubricants Market size was estimated at 1.65 billion Liters. The report covers the India Automotive Lubricants Market historical market size for years: 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the India Automotive Lubricants Market size for years: 2024, 2025 and 2026.
India Automotive Lubricants Industry Report
Statistics for the 2024 India Automotive Lubricants Report market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. India Automotive Lubricants Report analysis includes a market forecast outlook to 2026 and historical overview. Get a sample of this industry analysis as a free report PDF download.
