Market Size of India Passenger Vehicles Lubricants Industry
| Study Period | 2015 - 2026 |
| Base Year For Estimation | 2020 |
| Forecast Data Period | 2024 - 2026 |
| Historical Data Period | 2015 - 2019 |
| CAGR (2024 - 2026) | 6.14 % |
| Market Concentration | High |
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India Passenger Vehicles Lubricants Market Analysis
The India Passenger Vehicles Lubricants Market size is estimated at 556.47 Million Liters in 2024, and is expected to reach 626.94 Million Liters by 2026, growing at a CAGR of 6.14% during the forecast period (2024-2026).
- 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 : The projected adoption growth of electric vehicle (EV) sales and automatic cars in India may enhance the demand for transmission oils demand during the forecast period.
