India Automotive Lubricant Market Worth USD 3.56 Billion by 2033

The latest report by IMARC Group, "India Automotive Lubricant Market Size, Share, Trends and Forecast by Product, Vehicle Type, and Region, 2025-2033", provides a comprehensive analysis of the India automotive lubricant market.

The study covers competitor and regional analysis, as well as a detailed breakdown of segments within the industry. The India automotive lubricant market size reached USD 2.65 Billion in 2024. Looking forward, IMARC Group projects the market to reach USD 3.56 Billion by 2033, exhibiting a CAGR of 3.35% during 2025-2033.

Report Attribute and Key Statistics:

• Base Year: 2024
• Forecast Years: 2025-2033
• Historical Years: 2019-2024
• Market Size in 2024: USD 2.65 Billion
• Market Forecast 2033: USD 3.56 Billion
• Market Growth Rate: 3.35% (2025-2033)

India Automotive Lubricant Market Overview:

The India automotive lubricant industry is expanding steadily with increasing vehicle penetration, increasing infrastructure development, and increasing consumer awareness of car maintenance. Lubricants provide lower friction, improved fuel efficiency, and improved engine life. The industry is also driven by growth in the logistics and transportation sectors. Consumers also move towards synthetic and high-performance lubricants with better performance and longer oil drain intervals. Environmental regulations encouraging low emissions and fuel efficiency also impact lubricant formulation. Industrialization, urbanization, and growth in aftermarket services drive passenger and commercial vehicle segments in India.

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India Automotive Lubricant Market Trends and Drivers:

Changing customer needs and developments in formulating technology are primarily driving innovation in the Indian automotive lubricants market. Synthetics and bio-based oils are also being increasingly adopted due to their superior drain intervals, excellent thermal stability, and environment-friendly benefits. As electric vehicles (EVs) continue to make further headway in the market, demand exists for application-specific lubricants used in EV gearboxes as well as in thermal management solutions. In addition, new product introductions of high-performance products like BPCL and Chevron's Caltex lubricants are indicative of the direction in the market moving towards high-performance products. Digitization is also changing buying habits, and businesses are making use of online campaigns and e-commerce to allow accessibility, recall, and shopper interaction in city and countryside locations.

Major factors stimulating the India automotive lubricant market are growing vehicle ownership in both urban and rural areas, driven by economic development and infrastructure expansion. Higher disposable incomes and the emerging middle class are driving personal vehicle ownership, which, in turn, is boosting lubricant consumption. Furthermore, stringent emission and fuel efficiency standards are pushing car makers and buyers toward high-performance, fuel-saving lubricants. Capital investment by multinationals such as ExxonMobil's USD 110 million plant in Maharashtra underscores the strategic importance of the country, increasing year on year. Awareness about engine well-being, preventive service, and proprietary lubricant offerings among consumers is also adding to the growth momentum in vehicle types and geography-wise.

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India Automotive Lubricant Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the region/country level for 2025-2033. Our report has categorized the market based on product and vehicle type.

By Product Type:
• Engine Oils
• Transmission Fluids
• Brake Fluids
• Greases
• Others

By Vehicle Type:
• Passenger Cars
• Commercial Vehicles
• Two-Wheelers
• Three-Wheelers
• Others

By Region:
• North India
• West and Central India
• South India
• East and Northeast India

Competitive Landscape:

The market report provides detailed insights into the competitive structure and profiles of major players.

Key players include:
• Indian Oil Corporation Limited
• Hindustan Petroleum Corporation Limited
• Bharat Petroleum Corporation Limited
• Castrol India Limited
• Shell India Markets Private Limited
• Gulf Oil Lubricants India Limited
• Tide Water Oil Co. (India) Ltd.
• ExxonMobil Lubricants Pvt. Ltd.
• Total Oil India Pvt. Ltd.
• Valvoline Cummins Private Limited

India Automotive Lubricant Market News:

• In October 2023, BPCL, in collaboration with Chevron, introduced Caltex lubricants in India, including premium products like Havoline and Delo. Additionally, ExxonMobil announced a USD 110 Million investment to establish a lubricant manufacturing facility in Raigad, Maharashtra, aiming to produce 159,000 kiloliters of lubricants annually to meet the country's growing demand.

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers to create a lasting impact. The company provides a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

This release was published on openPR.