Market Size of India Automotive Lubricants Industry
| Study Period | 2015 - 2026 |
| Base Year For Estimation | 2020 |
| Forecast Data Period | 2024 - 2026 |
| Historical Data Period | 2015 - 2019 |
| CAGR (2024 - 2026) | 5.80 % |
| Market Concentration | High |
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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.
