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.

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Single User License

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Team License

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Corporate License

$8750

Book before:

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.
India Automotive Lubricants Market

India Automotive Lubricants Market Report SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2026