India Automotive Lubricants Market Share, Growth & Forecast 2028

Summary

Report Description

India Automotive Lubricant Market was valued at USD 5.92 billion in the year 2022 and is expected to rise with the CAGR of 8.08% in the forecast period. The increasing number of vehicles on the road is increasing the demand for high-quality lubricants. Lubricants improve vehicle fuel efficiency and reduce temperature by absorbing the heat generated. These factors have contributed to an increase in the demand for automotive lubricants. Other factors, such as rising consumer spending power and product innovations to improve oil quality, are expected to drive the growth of India Automotive lubricant market.

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Recent Developments

Valvoline Inc. introduced Valvoline High Mileage 150k motor oil with MaxLife Plus Technology Synthetic Blend in April 2021. The engine oil specifically designed for engines with over 150,000 miles travelled distance. The product's innovative formula reduces oil consumption in older, high-mileage engines, while its Moly Additive Protection improves engine performance and power.

Shell has updated its Shell Naturelle biodegradable lubricant portfolio to help reduce environmental impact while maintaining equipment performance.

Surging Focus on Protecting Automotive Components and Systems

The market acceptance of automotive lubricants is boosted by factors like their durability and vehicle protection. By drastically reducing friction between the pieces, they provide defense against damage to a vehicle's systems and parts. Additionally, the need for low viscosity and better-performing lubricating oils is continuously growing due to the industry's use of smaller and more complicated automotive systems. Additionally, rising standards for high performance in automobiles are encouraging the use of new products. Automotive lubricants are essential for ensuring that industrial vehicles operate effectively in a variety of harsh weather situations. For instance, tractor engine oils not only maintain the tractor's high performance in harsh field and climatic circumstances, but also help to improve the hardware's compatibility with toughness.

New Government Standardization is Increasing Lubricant Demand

With the new laws, there will be numerous technological advancements made in automobiles, which will have a big impact on both their price and how they operate. OEMs and lawmakers are focusing on universal lubricant grade standardization, which is expected to spur the development of high-quality lubricants. The lubricant must meet the performance levels required for specific applications as well as those established by the relevant authorities. The lubricant improve fuel efficiency and lowers greenhouse gas emissions from vehicles. For instance, the installation of DPF (diesel particulate filter), SCR (selective catalytic reduction) modules, etc., would be among the key adjustments made to cars in response to BS-VI standards. Furthermore, Low SAPS (sulphated ash, phosphorous, and Sulphur) lubricants are needed to be developed to accommodate these technical advancements to work with after-treatment equipment. As a result, it is mandatory to conduct a fitness test to reduce vehicle pollution, which is driving the India Automotive Lubricant Market.

Rising Vehicle Fleet Size

As the number of vehicles on the road rises and public awareness of the benefits of engine oils and other lubricants grows, it leads to an increasing need for automotive oil, lubricants, and grease. The increased purchasing power and disposable income of customers is predicted to drive the market by automobile sales. Furthermore, oil and lubricant producers, as well as Original Equipment Manufacturers (OEMs), have increased lubricant demand in the India Automotive Market as the number of vehicles on the road requires regular servicing and maintenance.. Additionally, partnership between OEMs and lubricant producers is on the rise, to meet up the consumer demand.

Market Segmentation

The India Automotive Lubricant Market is segmented by vehicle type, by lubricants type, by base oil, by demand category, by region and competitive landscape. Based on type, the market is segmented into Engine Oil, Gear oil, Grease, Transmission Fluid, and Others. Based on Vehicle type, the market is segmented into Two-Wheeler, Passenger Car, Light Commercial Vehicle, Medium & Heavy Commercial Vehicle and OTR. Based on Base Oil the market is segmented into Synthetic, Semi-Synthetic and Minerals. Based on the Demand category, the market is divided into OEM and Aftermarket.

Company Profiles

Indian Oil Corporation Limited, Castrol India Limited, Bharat Petroleum Corporation Limited, Hindustan Petroleum Corporation Limited, Tidewater Oil Corporation India Limited, Gulf Oil Lubricants India Limited, Valvoline Cummins Private Limited, Shell India, Savita Oil Technologies Ltd., and Total Oil India Private Limited are the key players developing advanced technologies to stay competitive in the market and enhance their product portfolio in the regions to increase their customer outreach.

Attribute	Details
Revenue Forecast in 2022	USD 5.92 Billion
Revenue Forecast in 2028	USD 9.35 Billion
Growth Rate	8.08%
Base Year	2022
Historical Years	2018 – 2021
Estimated Year	2023
Forecast Period	2024 – 2028
Quantitative Units	Revenue in USD Billion, Volume in Thousand Metric Tons, and CAGR for 2018-2022 and 2023-2028
Report Coverage	Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends
Segments Covered	Vehicle type Lubricant Type Base Oil Demand Category
Regional Scope	North, South, West and East
Key Companies Profiled	Indian Oil Corporation Limited, Castrol India Limited, Bharat Petroleum Corporation Limited, Hindustan Petroleum Corporation Limited, Tidewater Oil Corporation India Limited, Gulf Oil Lubricants India Limited, Valvoline Cummins Private Limited, Shell India, Savita Oil Technologies Ltd. and Total Oil India Private Limited.
Customization Scope	10% free report customization with purchase. Addition or alteration to country, regional & segment scope.
Pricing and Purchase Options	Avail customized purchase options to meet your exact research needs. Explore purchase options
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request)

Report Scope:

In this report, India Automotive Lubricant Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

· India Automotive Lubricant Market, By Type:

o Engine Oil

o Gear oil

o Grease

o Transmission Fluids

o Others

· India Automotive Lubricant Market, By Vehicle Type:

Two-Wheeler
Passenger Car
Medium & Heavy Commercial Vehicle
OTR
Three Wheelers
Light Commercial Vehicle

India Automotive Lubricant Market, By Base Oil:

Synthetic
Semi-Synthetic
Minerals

India Automotive Lubricant Market, By Demand Category:

OEM
Aftermarket

India Automotive Lubricant Market, By Region:

North
West
East
South

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in India Automotive Lubricant Market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

Table of content

1. Introduction

1.1. Market Overview

1.2. Key Highlights of the Report

1.3. Market Coverage

1.4. Market Segments Covered

1.5. Research Tenure Considered

2. Research Methodology

2.1. Objective of the Study

2.2. Baseline Methodology

2.3. Key Industry Partners

2.4. Major Association and Secondary Sources

2.5. Data Triangulation & Validation

3. Impact of COVID-19 on India Automotive Lubricant Market

4. Executive Summary

4.1. Market Overview

4.2. Market Forecast

4.3. Key Regions

4.4. Key Segments

5. Voice of Customer

5.1. Factors Influencing Purchase Decision

5.2. Aided and Unaided Brand Recall

5.3. Brand Switching

6. India Automotive Lubricant Market Outlook

6.1. Market Size & Forecast

6.1.1. By Volume

6.1.2. By Value

6.2. Market Share & Forecast

6.2.1. By Vehicle Type Market Share Analysis (Two-wheeler, Passenger Car, Medium & Heavy Commercial Vehicle, OTR ,Three Wheelers and Light Commercial Vehicle)

6.2.2. By Lubricant Type Market Share Analysis (Engine Oil, Gear oil, Grease, Transmission Fluid, Others)

6.2.3. By Base Oil Market Share Analysis (Synthetic, Semi-Synthetic, Minerals)

6.2.4. By Demand Category Market Share Analysis (OEM, Aftermarket)

6.2.5. By Region Market Share Analysis

6.2.5.1. North India Market Share Analysis

6.2.5.2. East India Market Share Analysis

6.2.5.3. West India Market Share Analysis

6.2.5.4. South India Share Analysis

6.2.6. By Company Market Share Analysis (By Value,2022)

6.3. India Automotive Lubricant Market Mapping & Opportunity Assessment

6.3.1. By Vehicle Type Market Mapping & Opportunity Assessment

6.3.2. By Lubricant Type Market Mapping & Opportunity Assessment

6.3.3. By Base Oil Market Mapping & Opportunity Assessment

6.3.4. By Demand Category Market Mapping & Opportunity Assessment

6.3.5. By Regional Market Mapping & Opportunity Assessment

7. India Two-Wheeler Lubricant Market Outlook

7.1.1. Market Size & Forecast

7.1.1.1. By Volume

7.1.1.2. By Value

7.1.2. Market Share & Forecast

7.1.2.1. By Lubricant Type Market Share Analysis

7.1.2.2. By Base Oil Market Share Analysis

7.1.2.3. By Demand Category Market Share Analysis

7.1.2.4. By Regional Market Share Analysis

8. India Passenger Car Lubricant Market Outlook

8.1.1. Market Size & Forecast

8.1.1.1. By Volume

8.1.1.2. By Value

8.1.2. Market Share & Forecast

8.1.2.1. By Lubricant Type Market Share Analysis

8.1.2.2. By Base Oil Market Share Analysis

8.1.2.3. By Demand Category Market Share Analysis

8.1.2.4. By Regional Market Share Analysis

9. India Medium& Heavy Commercial Vehicle Lubricant Market Outlook

9.1.1. Market Size & Forecast

9.1.1.1. By Volume

9.1.1.2. By Value

9.1.2. Market Share & Forecast

9.1.2.1. By Lubricant Type Market Share Analysis

9.1.2.2. By Base Oil Market Share Analysis

9.1.2.3. By Demand Category Market Share Analysis

9.1.2.4. By Regional Market Share Analysis

10. India OTR Lubricant Market Outlook

10.1.1. Market Size & Forecast

10.1.1.1. By Volume

10.1.1.2. By Value

10.1.2. Market Share & Forecast

10.1.2.1. By Lubricant Type Market Share Analysis

10.1.2.2. By Base Oil Market Share Analysis

10.1.2.3. By Demand Category Market Share Analysis

10.1.2.4. By Regional Market Share Analysis

11. India Three Wheelers Lubricant Market Outlook

11.1.1. Market Size & Forecast

11.1.1.1. By Volume

11.1.1.2. By Value

11.1.2. Market Share & Forecast

11.1.2.1. By Lubricant Type Market Share Analysis

11.1.2.2. By Base Oil Market Share Analysis

11.1.2.3. By Demand Category Market Share Analysis

11.1.2.4. By Regional Market Share Analysis

12. India Light Commercial Vehicle Lubricant Market Outlook

12.1.1. Market Size & Forecast

12.1.1.1. By Volume

12.1.1.2. By Value

12.1.2. Market Share & Forecast

12.1.2.1. By Lubricant Type Market Share Analysis

12.1.2.2. By Base Oil Market Share Analysis

12.1.2.3. By Demand Category Market Share Analysis

12.1.2.4. By Regional Market Share Analysis

13. Export & Import Analysis

14. Market Dynamics

14.1. Drivers

14.2. Challenges

15. Market Trends and Developments

16. Policy & Regulatory Landscape

17. Pricing Analysis

18. India Economic Profile

19. Competitive Landscape

19.1. Indian Oil Corporation Limited

19.1.1. Company Details

19.1.2. Products & Services

19.1.3. Financial (As Reported)

19.1.4. Recent Development

19.1.5. Key Management Personnel

19.2. Castrol India Limited

19.2.1. Company Details

19.2.2. Products & Services

19.2.3. Financial (As Reported)

19.2.4. Recent Development

19.2.5. Key Management Personnel

19.3. Bharat Petroleum Corporation Limited

19.3.1. Company Details

19.3.2. Products & Services

19.3.3. Financial (As Reported)

19.3.4. Recent Development

19.3.5. Key Management Personnel

19.4. Hindustan Petroleum Corporation Limited

19.4.1. Company Details

19.4.2. Products & Services

19.4.3. Financial (As Reported)

19.4.4. Recent Development

19.4.5. Key Management Personnel

19.5. Tidewater Oil Corporation India Limited

19.5.1. Company Details

19.5.2. Products & Services

19.5.3. Financial (As Reported)

19.5.4. Recent Development

19.5.5. Key Management Personnel

19.6. Gulf Oil Lubricants India Limited

19.6.1. Company Details

19.6.2. Products & Services

19.6.3. Financial (As Reported)

19.6.4. Recent Development

19.6.5. Key Management Personnel

19.7. Valvoline Cummins Private Limited

19.7.1. Company Details

19.7.2. Products & Services

19.7.3. Financial (As Reported)

19.7.4. Recent Development

19.7.5. Key Management Personnel

19.8. Shell Private Limited Company

19.8.1. Company Details

19.8.2. Products & Services

19.8.3. Financial (As Reported)

19.8.4. Recent Development

19.8.5. Key Management Personnel

19.9. Savita Oil Technologies Ltd.

19.9.1. Company Details

19.9.2. Products & Services

19.9.3. Financial (As Reported)

19.9.4. Recent Development

19.9.5. Key Management Personnel

19.10. Total Oil India Private Limited

19.10.1. Company Details

19.10.2. Products & Services

19.10.3. Financial (As Reported)

19.10.4. Recent Development

19.10.5. Key Management Personnel

20. Strategic Recommendations

20.1. Key Focus Areas

20.2. Target Regions & Countries

20.3. Target Vehicle Type

21. About Us & Disclaimer

Figures and Tables

List of Figures

Figure 1: India Automotive Lubricants Market Size, By Volume (Thousand Metric Tons), 2018-2028F

Figure 2: India Automotive Lubricants Market Size, By Value (USD Billion), 2018-2028F

Figure 3: India Automotive Lubricants Market Share, By Vehicle Type, By Volume, 2018–2028F

Figure 4: India Automotive Lubricants Market Share, By Lubricant Type, By Volume, 2018–2028F

Figure 5: India Automotive Lubricants Market Share, By Base Oil, By Volume, 2018–2028F

Figure 6: India Automotive Lubricants Market Share, By Demand Category, By Volume, 2018–2028F

Figure 7: India Automotive Lubricants Market Share, By Region, By Volume, 2018 & 2028F

Figure 8: India Automotive Lubricants Market Share, By Company, By Value, 2022

Figure 9: India Automotive Lubricants Market Map, By Vehicle Type, Market Size (Thousand Metric Tons) & Growth Rate (%), 2022

Figure 10: India Automotive Lubricants Market Map, By Lubricant Type, Market Size (Thousand Metric Tons) & Growth Rate (%), 2022

Figure 11: India Automotive Lubricants Market Map, By Base Oil , Market Size (Thousand Metric Tons) & Growth Rate (%), 2022

Figure 12: India Automotive Lubricants Market Map, By Demand Category, Market Size (Thousand Metric Tons) & Growth Rate (%), 2022

Figure 13: India Automotive Lubricants Market Map, By Region, Market Size (Thousand Metric Tons) & Growth Rate (%), 2022

Figure 14: India Two-Wheelers Lubricants Market Size, By Volume (Thousand Metric Tons), 2018-2028F

Figure 15: India Two-Wheelers Lubricants Market Size, By Value (USD Billion), 2018-2028F

Figure 16: India Two-Wheelers Lubricants Market Share, By Vehicle Type, By Volume, 2018–2028F

Figure 17: India Two-Wheelers Lubricants Market Share, By Lubricant Type, By Volume, 2018–2028F

Figure 18: India Two-Wheelers Lubricants Market Share, By Base Oil, By Volume, 2018–2028F

Figure 19: India Two-Wheelers Lubricants Market Share, By Demand Category, By Volume, 2018–2028F

Figure 20: India Two-Wheelers Lubricants Market Share, By Region, By Volume, 2018 & 2028F

Figure 21: India Passenger Cars Lubricants Market Size, By Volume (Thousand Metric Tons), 2018-2028F

Figure 22: India Passenger Cars Lubricants Market Size, By Value (USD Billion), 2018-2028F

Figure 23: India Passenger Cars Lubricants Market Share, By Vehicle Type, By Volume, 2018–2028F

Figure 24: India Passenger Cars Lubricants Market Share, By Lubricant Type, By Volume, 2018–2028F

Figure 25: India Passenger Cars Lubricants Market Share, By Base Oil, By Volume, 2018–2028F

Figure 26: India Passenger Cars Lubricants Market Share, By Demand Category, By Volume, 2018–2028F

Figure 27: India Passenger Cars Lubricants Market Share, By Region, By Volume, 2018 & 2028F

Figure 28: India Medium & Heavy Commercial Vehicles Lubricants Market Size, By Volume (Thousand Metric Tons), 2018-2028F

Figure 29: India Medium & Heavy Commercial Vehicles Lubricants Market Size, By Value (USD Billion), 2018-2028F

Figure 30: India Medium & Heavy Commercial Vehicles Lubricants Market Share, By Vehicle Type, By Volume, 2018–2028F

Figure 31: India Medium & Heavy Commercial Vehicles Lubricants Market Share, By Lubricant Type, By Volume, 2018–2028F

Figure 32: India Medium & Heavy Commercial Vehicles Lubricants Market Share, By Base Oil, By Volume, 2018–2028F

Figure 33: India Medium & Heavy Commercial Vehicles Lubricants Market Share, By Demand Category, By Volume, 2018–2028F

Figure 34: India Medium & Heavy Commercial Vehicles Lubricants Market Share, By Region, By Volume, 2018 & 2028F

Figure 35: India OTR Lubricants Market Size, By Volume (Thousand Metric Tons), 2018-2028F

Figure 36: India OTR Lubricants Market Size, By Value (USD Billion), 2018-2028F

Figure 37: India OTR Lubricants Market Share, By Vehicle Type, By Volume, 2018–2028F

Figure 38: India OTR Lubricants Market Share, By Lubricant Type, By Volume, 2018–2028F

Figure 39: India OTR Lubricants Market Share, By Base Oil, By Volume, 2018–2028F

Figure 40: India OTR Lubricants Market Share, By Demand Category, By Volume, 2018–2028F

Figure 41: India OTR Lubricants Market Share, By Region, By Volume, 2018 & 2028F

Figure 42: India Three-Wheelers Lubricants Market Size, By Volume (Thousand metric Tons), 2018-2028F

Figure 43: India Three-Wheelers Lubricants Market Size, By Value (USD Billion), 2018-2028F

Figure 44: India Three-Wheelers Lubricants Market Share, By Vehicle Type, By Volume, 2018–2028F

Figure 45: India Three-Wheelers Lubricants Market Share, By Lubricant Type, By Volume, 2018–2028F

Figure 46: India Three-Wheelers Lubricants Market Share, By Base Oil, By Volume, 2018–2028F

Figure 47: India Three-Wheelers Lubricants Market Share, By Demand Category, By Volume, 2018–2028F

Figure 48: India Three-Wheelers Lubricants Market Share, By Region, By Volume, 2018 & 2028F

Figure 49: India Light Commercial Vehicles Lubricants Market Size, By Volume (Thousand Metric Tons), 2018-2028F

Figure 50: India Light Commercial Vehicles Lubricants Market Size, By Value (USD Billion), 2018-2028F

Figure 51: India Light Commercial Vehicles Lubricants Market Share, By Vehicle Type, By Volume, 2018–2028F

Figure 52: India Light Commercial Vehicles Lubricants Market Share, By Lubricant Type, By Volume, 2018–2028F

Figure 53: India Light Commercial Vehicles Lubricants Market Share, By Base Oil, By Volume, 2018–2028F

Figure 54: India Light Commercial Vehicles Lubricants Market Share, By Demand Category, By Volume, 2018–2028F

Figure 55: India Light Commercial Vehicles Lubricants Market Share, By Region, By Volume, 2018 & 2028F

Figure 56: India Industrial Lubricants Market Size, By Volume (Thousand Metric Tons), 2022 & 2028F

Figure 57: India Industrial Lubricants Market Share, By Lubricant Type, By Volume, 2022 & 2028F

Figure 58: India Industrial Lubricants Market Share, By End User, By Volume, 2022 & 2028F

Figure 59: India Lubricants Exports, By Value (USD Million), 2018-2022

Figure 60: India Lubricants Imports, By Value (USD Million), 2018-2022

Frequently asked questions

What is the market size of India Automotive Lubricant Market in 2022?

The India Automotive lubricant market is at USD 5.92 Billion in 2022 with the growth rate of CAGR 8.08% in the forecasted period.

What are the major factors affecting India Automotive Lubricant Market?

Increased demand for vehicles, consumer awareness for protection of auto components and government norms and regulations are driving the growth of the India Automotive Lubricant Market.

Who are the top players in the India Automotive Lubricant Market?

The major players in the India Automotive Lubricant Market are Indian Oil Corporation Limited, Castrol India Limited, Bharat Petroleum Corporation Limited, Hindustan Petroleum Corporation Limited, Tidewater Oil Corporation India Limited, Gulf Oil Lubricants India Limited, Valvoline Cummins Private Limited, Shell India, Savita Oil Technologies Ltd. and Total Oil India Private Limited.

What is slowing the growth of the India Automotive Lubricant Market?

Rising demand for electric vehicles is slowing the growth of India Automotive Lubricant Market.

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Press Release

India Automotive Lubricant Market to grow at 8.08% CAGR by 2028

Apr, 2023

Rising focus on high quality lubricant, increasing vehicle fleet and government standardization are increasing the demand for India Automotive Lubricant market.

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