India Automotive Lubricants Market Player Analysis and Growth Opportunities - 2028

May 23, 2025 - 08:59

India Automotive Lubricants Market Projected to Expand at 2.0% CAGR Through 2028

The India Automotive Lubricants Market is projected to grow at a CAGR of around 2.0% during the forecast period, i.e., 2023-28. The market growth is attributed to the rising disposable income in the region because of rapid urbanization, affecting the standard of living and raising automotive sales to fulfill consumers’ desire to own a personal vehicle instead of public transport. Also, the maintenance of luxury cars further incorporates the implementation of lubricants, securing industrial extension. Thus, the rising penetration of on-road vehicles, private cars for transportation, consumer affordability, and maintenance habits, combined with the presence of aging vehicles exhibiting the scope of their care, further fuels the market expansion.

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Strategic Takeaways from the Report:

Market Sizing and Forecasting
Regulatory and Policy Influence
Competitive Trends and M&A Activity
Innovation Drivers and Disruptive Technologies
Investment Hotspots and Emerging Niches
Geographical Dynamics and Trade Flows

India Automotive Lubricants Market Segment Overview & Classification

This market is categorized to offer targeted insights across various operational and consumer-related verticals.

Segment List:

By Vehicle Type

Passenger Car
Light Commercial Vehicle
Medium and Heavy Commercial Vehicles
Off the Road (OTR)
Two Wheelers
Three Wheeler

Among all, Passenger Car is estimated to acquire the largest share in the India Automotive Lubricants Market during the forecast period, aided by the significant consumption of transmission and gear oil. Moreover, as lubricants provide durability and protection while increasing the efficiency of passenger vehicles, and they are individually owned and manually maintained by the consumers, they further influence the regular application of required products.

By Type

Engine Oil
Gear and Brake Oil
Transmission Fluid
Grease
Others

Here, Engine oil is anticipated to dominate the market during the forecasting period. The market hike imputes to the growth in production of the automotive sector, promoting a surge in consumption and demand for engine oils. Besides, the high production and sales of two-wheeler vehicles further prosper the consumption of lubricants, expanding the segment’s market. The requirement of engine oil secures its position in the industry through applications such as protection from wear, tear & corrosion, varnish & sludge, lubricating internal combustion, and maintaining the smooth operation of the engine and different parts of it by creating a thin film between the moving parts for enhancing the transfer of heat and reducing tension during contact.

By Base Oil

Mineral
Synthetic
Semi-Synthetic
Bio-Based

By Demand Category

OEM
OES
Independent Aftermarket (IA)

By Sales Channel

Authorized Dealers
Retailers
Workshops and Garage
Petrol Pumps

By Region

East
West
North
South.

These divisions help clarify demand patterns and expected shifts.

Market Opportunities

Rising Disposable Income Promoting Automotive Sales - As a result of the emerging economy and spreading urbanization, there is a constant hike in consumers’ disposable income. Additionally, given to modernization and willingness to own a personal vehicle have been powering automotive sales in the country. As a result of rising disposable income and a hike in living standards, surging automotive sales have been driving the market, as lubricants play a vital role in the smooth working of engines and vehicles. Their characteristics of durability, vehicle protection, reduction of friction between the engine parts, and more are essential to extend vehicle life, especially regularly further expanding the industry.

India Automotive Lubricants Market Competitive Snapshot from 2023-2028

The report highlights established and emerging players in the global India Automotive Lubricants Market, evaluating their strengths, challenges, and potential for innovation.

Key Competitors Include:

Gulf Oil Lubricants
Indian Oil
Castrol
Hindustan Petroleum
Bharat Petroleum
Tidewater Oil
Shell India
Vavoline Cummins
ExonnMobil
Tata Oil.

Their activities include partnerships, product launches, and geographic expansions.

India Automotive Lubricants Industry Prime Challenge

Emerging need for Coolants and Fluids for Electric Vehicles - Though electric vehicle does not need engine oil and similar lubricant which enhances automotive engines, they still require lubricants in vital electrical components such as coolants for the car battery, gear oils for differentials, chassis, gear reducer, and wheels, brake fluids and grease for other components of the EV. By reducing torque, the low-viscosity lubricant ensures the smooth function of the electric vehicle and enhances its quality and life. The EV lubricants must be compatible with other EV parts, thus ensuring cooling, volume resistivity, dissipation factor, and dielectric strength to avoid electrical losses in the system and further thermal management without harming the components. Moreover, such products have greater technical requirements, and thus currently, it is still in their developmental stage opening new avenues of opportunity for the industry. For instance,

In January 2023, Valvoline announced that it is ready with a new line-up of fluids designed for Electric Vehicles in India.

Frequently Asked Questions (FAQs):

What industries are most impacted by this market?
How is technology reshaping operations and offerings?
Which competitors dominate the landscape?
What risks could disrupt market expansion?
How should businesses respond to demand fluctuations?

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