How big is the India Automotive Lubricants Market?

The India Automotive Lubricants Market size is expected to reach 1.76 billion Liters in 2024 and grow at a CAGR of 5.80% to reach 1.97 billion Liters by 2026. Read More

What is the current India Automotive Lubricants Market size?

In 2024, the India Automotive Lubricants Market size is expected to reach 1.76 billion Liters. Read More

Who are the key players in India Automotive Lubricants Market?

Bharat Petroleum Corporation Limited, BP PLC (Castrol), Gulf Oil International, Hindustan Petroleum Corporation Limited and Indian Oil Corporation Limited are the major companies operating in the India Automotive Lubricants Market. Read More

Which segment has the biggest share in the India Automotive Lubricants Market?

In the India Automotive Lubricants Market, the Commercial Vehicles segment accounts for the largest share by vehicle type. Read More

Which is the fastest growing segment in the India Automotive Lubricants Market?

In 2024, the Motorcycles segment accounts for the fastest growing by vehicle type in the India Automotive Lubricants Market. Read More

What years does this India Automotive Lubricants Market cover, and what was the market size in 2023?

In 2023, the India Automotive Lubricants Market size was estimated at 1.65 billion Liters. The report covers the India Automotive Lubricants Market historical market size for years: 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the India Automotive Lubricants Market size for years: 2024, 2025 and 2026. Read More

India Automotive Lubricants Market Trends

Statistics for the 2023 & 2024 India Automotive Lubricants market trends, created by Mordor Intelligence™ Industry Reports. India Automotive Lubricants trend report includes a market forecast to 202 and historical overview. Get a sample of this industry trends analysis as a free report PDF download.

Market Trends of India Automotive Lubricants Industry

This section covers the major market trends shaping the India Automotive Lubricants Market according to our research experts:

Largest Segment By Vehicle Type : <span style="font-family: 'regular_bold';color:#0e7db3;">Commercial Vehicles</span>

In India, motorcycles accounted for 77.55% of the total number of on-road vehicles in 2020, followed by passenger vehicles (PVs) and commercial vehicles (CVs), with a share of 16.84% and 5.61%, respectively.
However, commercial vehicle accounted for the highest share of 35.7% in total lubricant consumption in 2020, followed by motorcycles (33.15%) and passenger vehicle (31.1%) respectively. In 2020, COVID-19 outbreak led to notable dip in lubricants consumption, wherein the motorcylce lubricant consumption recorded the highest dip rate of 18.6%, followed by passenger vehicles (16.3%).
The motorcycles segment is projected to be the fastest-growing lubricant segment, with a CAGR of 6.63% over 2021-2026. The growth is projected to be driven by expected rise in demand for personal mobility and rise in electric vehicle usage.