| Study Period | 2019 - 2030 |
| Base Year For Estimation | 2024 |
| Forecast Data Period | 2025 - 2030 |
| Market Volume (2025) | 590.64 Million Liters |
| Market Volume (2030) | 795.64 Million Liters |
| CAGR | 6.14 % |
| Market Concentration | High |
India Passenger Vehicles Lubricants Market Analysis
The India Passenger Vehicles Lubricants Market size is estimated at 590.64 million liters in 2025, and is expected to reach 795.64 million liters by 2030, at a CAGR of 6.14% during the forecast period (2025-2030).
- 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 : The projected adoption growth of electric vehicle (EV) sales and automatic cars in India may enhance the demand for transmission oils demand during the forecast period.
India Passenger Vehicles Lubricants Market Trends
Largest Segment By Product Type : Engine Oils
- In India, passenger vehicles (PV) form the third-largest segment in terms of automotive lubricant consumption. During 2015-2019, the country recorded a CAGR of 7% in PV lubricant consumption due to a rise in the sales and usage of passenger vehicles.
- In 2020, passenger vehicles accounted for about 31.15% of the total automotive lubricant consumption in the country. Engine oil accounted for the largest share, of almost 80%, in the PV lubricant consumption during the year. During 2020, PV lubricants consumption declined by 16% due to the COVID-19 outbreak, which led to a dip in PV sales and delays in service intervals.
- Over 2021-2026, the transmission oils segment is estimated to become the fastest-growing segment, at a CAGR of 7.46%. The growing demand for vehicles with automatic transmissions is projected to drive the demand for transmission oils in the country over the coming years.
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India Passenger Vehicles Lubricants Industry Overview
The India Passenger Vehicles Lubricants Market is moderately consolidated, with the top five companies occupying 64.43%. The major players in this market are Bharat Petroleum Corporation Limited, BP PLC (Castrol), Hindustan Petroleum Corporation Limited, Indian Oil Corporation Limited and Royal Dutch Shell Plc (sorted alphabetically).
India Passenger Vehicles Lubricants Market Leaders
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Bharat Petroleum Corporation Limited
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BP PLC (Castrol)
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Hindustan Petroleum Corporation Limited
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Indian Oil Corporation Limited
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Royal Dutch Shell Plc
- *Disclaimer: Major Players sorted in no particular order
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India Passenger Vehicles Lubricants Market News
- December 2021: ExxonMobil introduced a line of synthetic engine oils, i.e., Mobil Super Pro, for SUVs in India.
- September 2021: Shell partnered with ReadyAssist, a Bengaluru-based 24-hour roadside assistance firm, to provide a seamless oil changing service across the country. Customers can get a free lube change for their vehicles when they buy Shell lubricants through ReadyAssist, which will be accessible at up to 5,500 third-party retail outlets across the country.
- September 2021: ExxonMobil launched the Mobil Super All-in-One Protection SUV Pro synthetic engine oil for SUVs.
India Passenger Vehicles Lubricants Industry Segmentation
| By Product Type | Engine Oils |
| Greases | |
| Hydraulic Fluids | |
| Transmission & Gear Oils |
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India Passenger Vehicles Lubricants Market Research FAQs
How big is the India Passenger Vehicles Lubricants Market?
The India Passenger Vehicles Lubricants Market size is expected to reach 590.64 million Liters in 2025 and grow at a CAGR of 6.14% to reach 795.64 million Liters by 2030.
What is the current India Passenger Vehicles Lubricants Market size?
In 2025, the India Passenger Vehicles Lubricants Market size is expected to reach 590.64 million Liters.
Who are the key players in India Passenger Vehicles Lubricants Market?
Bharat Petroleum Corporation Limited, BP PLC (Castrol), Hindustan Petroleum Corporation Limited, Indian Oil Corporation Limited and Royal Dutch Shell Plc are the major companies operating in the India Passenger Vehicles Lubricants Market.
What years does this India Passenger Vehicles Lubricants Market cover, and what was the market size in 2024?
In 2024, the India Passenger Vehicles Lubricants Market size was estimated at 554.37 million Liters. The report covers the India Passenger Vehicles Lubricants Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the India Passenger Vehicles Lubricants Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
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Statistics for the 2025 India Passenger Vehicles Lubricants market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. India Passenger Vehicles Lubricants analysis includes a market forecast outlook for 2025 to 2030) and historical overview. Get a sample of this industry analysis as a free report PDF download.
