Report Overview

India Automotive Lubricants Market – Industry Trends & Forecast Report, 2029

India automotive lubricants market size was estimated at USD 1.59 billion in 2022. During the forecast period between 2023 and 2029, the size of India automotive lubricants market is projected to grow at a CAGR of 8.01% reaching a value of USD 2.71 billion by 2029. The India automotive lubricants market has been experiencing several noteworthy trends in recent years. There is a growing demand for high-performance lubricants due to the increasing number of advanced vehicles on the road. Also, there is a shift towards synthetic and semi-synthetic lubricants, driven by their superior performance and ability to enhance fuel efficiency. Further, there is a rising focus on environmentally friendly lubricants, such as bio-based and eco-friendly products, in response to stricter environmental regulations. The market is witnessing a surge in the adoption of online retail channels for lubricant sales, along with the introduction of innovative packaging designs to attract consumers. Overall, the India automotive lubricants market is witnessing a transformation towards advanced, sustainable, and convenient solutions.

India Automotive Lubricants Market - Overview

The automotive lubricants market refers to the industry that produces and distributes various lubricants specifically designed for use in automobiles and other motor vehicles. Lubricants play a vital role in ensuring smooth functioning, reducing friction, and preventing wear and tear in engines, transmissions, and other mechanical components. This market encompasses a wide range of lubricant types, including engine oils, transmission fluids, greases, and hydraulic fluids, among others. The demand for automotive lubricants is driven by the growing automotive industry, increased vehicle production, and the need for improved fuel efficiency and engine performance. It is a highly competitive market with numerous manufacturers and suppliers catering to the evolving needs of the automotive sector.

Growth Drivers

Growing Automotive Industry

The Indian automotive lubricants market is experiencing a significant growth trajectory, propelled by the booming automotive industry. The country's expanding middle class, rising disposable incomes, and increasing urbanization have resulted in a surge in automobile sales. This surge, in turn, has generated robust demand for automotive lubricants, driving the market forward. Also, stringent emission norms and the growing emphasis on fuel efficiency have necessitated the use of high-quality lubricants to enhance engine performance and reduce friction. The market is witnessing the introduction of advanced lubricants with improved formulations, meeting the industry's evolving needs. With these growth drivers, India's automotive lubricants market is poised for remarkable expansion during the forecast period.

Restraints

Regulatory and Supply Chain Restraints

The automotive lubricants market in India grapples with significant restraints, impacting its growth and efficiency. Regulatory hurdles pose a major challenge, with stringent norms and evolving standards requiring lubricant manufacturers to continually adapt and invest in research and development. Compliance with emission standards, fuel efficiency requirements, and evolving environmental regulations adds complexity to product formulation and distribution. Also, the market faces supply chain constraints due to logistical challenges, including inadequate storage and transportation infrastructure. These limitations impede the smooth flow of lubricants to consumers and result in delays and higher costs. Addressing these restraints necessitates industry collaboration, innovation, and investment in infrastructure to unlock the full potential of India's automotive lubricants market.

COVID-19 Impact on the India Automotive Lubricants Market

The COVID-19 pandemic significantly impacted the India automotive lubricants market. The stringent lockdown measures and restrictions on movement led to a decline in vehicle sales and production, which directly affected the demand for automotive lubricants. With reduced travel and transportation activities, overall vehicle usage decreased, resulting in lower maintenance requirements and lubricant consumption. Also, disruptions in the global supply chain affected the availability of raw materials and led to logistical challenges. However, as the economy gradually recovers and mobility restrictions ease, the India automotive lubricants market is expected to rebound, driven by the revival of vehicle sales and the resumption of regular maintenance practices.

India Automotive Lubricants Market

Segmental Coverage

India Automotive Lubricants Market – By Product Type

On the basis of product type, India automotive lubricants market is divided into Engine Oils, Transmission Oils, Hydraulic Fluids, and Greases segments. The largest segment in terms of market share and importance is the Engine Oils segment. Engine oils play a vital role in ensuring smooth operation, reducing friction, and protecting the engine components from wear and tear. As India's automotive industry continues to grow, the demand for engine oils remains high due to the increasing number of vehicles on the road. Therefore, the Engine Oils segment holds a significant position in the Indian automotive lubricants market, both in terms of revenue and consumer demand.

India Automotive Lubricants Market – By Vehicle Type

On the basis of vehicle type, India automotive lubricants market is divided into Passenger Vehicles, Commercial Vehicles, and Motorcycles segments. The largest segment in terms of market share and demand is the Passenger Vehicles segment. Passenger vehicles include cars, SUVs, and other personal vehicles, and they constitute a significant portion of the Indian automotive market. With a growing middle-class population and increasing disposable income, the demand for passenger vehicles has been on the rise. Thus, the need for automotive lubricants for these vehicles has also increased, making the Passenger Vehicles segment the largest and most prominent segment in the Indian automotive lubricants market.

India Automotive Lubricants Market – By Region

Geographically, India automotive lubricants market is divided into North India, South India, East India, and West India regions. Each region represents a distinct market with its own unique characteristics and demand patterns. North India comprises states Delhi, Punjab, Haryana, Uttar Pradesh, and Rajasthan, which are known for their significant industrial and commercial activities. South India encompasses states Tamil Nadu, Karnataka, Kerala, Telangana, and Andhra Pradesh, where the automotive sector has a strong presence. East India includes states like West Bengal, Bihar, Odisha, and Jharkhand, where the automotive lubricants market is steadily growing. West India consists of states Maharashtra, Gujarat, and Goa, known for their industrial hubs and thriving automotive industries. The regional divisions help in understanding the market dynamics and catering to the specific needs of each region.

Competitive Landscape

Major players in the India automotive lubricants market include Indian Oil Corporation Limited, Bharat Petroleum Corporation Limited, Hindustan Petroleum Corporation Limited, Castrol India Limited, Gulf Oil Lubricants India Limited, Shell India, ExxonMobil Lubricants Private Limited, Total Lubricants India Pvt Ltd, Valvoline Cummins Pvt Ltd, and Chevron Lubricants India Pvt Ltd. To grow their market share, these companies are also focusing on investing in innovations, collaborations, and expansions.

Recent Developments

• In January 2023 - McLaren Automotive, a luxury supercar company, announced the renewal of its partnership with Gulf Oil International as its official lubricant and fuel partner for 2023.

• In June 2022 - Shell introduced a used oil management service as part of a new attempt to organize India's waste oil disposal infrastructure and enhance re-refining rates. In order to start collecting and re-refining used oil across India, Shell partnered with used oil refiners. These partners share the objective of advancing the lubricants industry's circular economy.

Scope of the Report

By Product Type

• Engine Oils

• Transmission Oils

• Hydraulic Fluids

• Greases

By Vehicle Type

• Passenger Vehicles

• Commercial Vehicles

• Motorcycles

By Region

• North India

• South India

• East India

• West India

1. Research Framework
   1. Research Objective
   2. Product Overview
   3. Market Segmentation
2. Executive Summary
3. India Automotive Lubricants Market Insights
   1. Industry Value Chain Analysis
   2. DROC Analysis
      1. Growth Drivers
         1. Expanding automotive industry in India
         2. Rising number of vehicles on Indian roads
      2. Restraints
         1. Volatility in crude oil prices
         2. Increasing preference for electric vehicles
      3. Opportunities
         1. Growing industrialization and infrastructure development
         2. Shift toward synthetic and high-performance lubricants
      4. Challenges
         1. Counterfeit products and low-quality imports
         2. Fragmented distribution channels in India
   3. Technology Advancements/Recent Developments
   4. Regulatory Framework
   5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
4. India Automotive Lubricants Market Overview
   1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Product Type
         1. Engine Oils
         2. Transmission Oils
         3. Hydraulic Fluids
         4. Greases
      2. By Vehicle Type
         1. Passenger Vehicles
         2. Commercial Vehicles
         3. Motorcycles
      3. By Region
         1. North India
         2. South India
         3. East India
         4. West India
5. North India Automotive Lubricants Market
   1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Product Type
      2. By Vehicle Type
6. South India Automotive Lubricants Market
   1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Product Type
      2. By Vehicle Type
7. East India Automotive Lubricants Market
   1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Product Type
      2. By Vehicle Type
8. West India Automotive Lubricants Market
   1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Product Type
      2. By Vehicle Type
9. Competitive Landscape
   1. List of Key Players and Their Offerings
   2. India Automotive Lubricants Company Market Share Analysis, 2022
   3. Competitive Benchmarking, By Operating Parameters
   4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
10. Impact of Covid-19 on India Automotive Lubricants Market
11. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
    1. Indian Oil Corporation Limited
    2. Bharat Petroleum Corporation Limited
    3. Hindustan Petroleum Corporation Limited
    4. Castrol India Limited
    5. Gulf Oil Lubricants India Limited
    6. Shell India
    7. ExxonMobil Lubricants Private Limited
    8. Total Lubricants India Pvt Ltd
    9. Valvoline Cummins Pvt Ltd
    10. Chevron Lubricants India Pvt Ltd
    11. Other Prominent Players
12. Key Strategic Recommendations
13. Research Methodology
    1. Qualitative Research
       1. Primary & Secondary Research
    2. Quantitative Research
    3.  Market Breakdown & Data Triangulation
       1.  Secondary Research
       2.  Primary Research
    4.  Breakdown of Primary Research Respondents, By Region
    5.  Assumptions & Limitations

*Financial information of non-listed companies can be provided as per availability.

**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.

List of Figures

Figure 1       India Automotive Lubricants Market Segmentation

Figure 2       India Automotive Lubricants Market Value Chain Analysis

Figure 3       Company Market Share Analysis, 2021

Figure 4       India Automotive Lubricants Market Size, By Value (USD Billion), 2019–2029

Figure 5       India Automotive Lubricants Market Share, By Product Type, By Value, 2019–2029

Figure 7       India Automotive Lubricants Market Share, By Vehicle Type, By Value, 2019–2029

Figure 8       India Automotive Lubricants Market Share, By Region, By Value, 2019–2029

Figure 10     North India Automotive Lubricants Market Size, By Value (USD Billion), 2019–2029

Figure 11     North India Automotive Lubricants Market Share, By Product Type, By Value, 2019–2029

Figure 12     North India Automotive Lubricants Market Share, By Vehicle Type, By Value, 2019–2029

Figure 13     South India Automotive Lubricants Market Size, By Value (USD Billion), 2019–2029

Figure 14     South India Automotive Lubricants Market Share, By Product Type, By Value, 2019–2029

Figure 15     South India Automotive Lubricants Market Share, By Vehicle Type, By Value, 2019–2029

Figure 16     East India Automotive Lubricants Market Size, By Value (USD Billion), 2019–2029

Figure 17     East India Automotive Lubricants Market Share, By Product Type, By Value, 2019–2029

Figure 18     East India Automotive Lubricants Market Share, By Vehicle Type, By Value, 2019–2029

Figure 19     West India Automotive Lubricants Market Size, By Value (USD Billion), 2019–2029

Figure 20     West India Automotive Lubricants Market Share, By Product Type, By Value, 2019–2029

Figure 21     West India Automotive Lubricants Market Share, By Vehicle Type, By Value, 2019–2029 

List of Tables

Table 1        India Automotive Lubricants Market Size, By Product Type, By Value, 2019–2029

Table 2        India Automotive Lubricants Market Size, By Vehicle Type, By Value, 2019–2029

Table 3        India Automotive Lubricants Market Size, By Region, By Value, 2019–2029

Table 4        North India Automotive Lubricants Market Size, By Product Type, By Value, 2019–2029

Table 5        North India Automotive Lubricants Market Size, By Vehicle Type, By Value, 2019–2029

Table 6        South India Automotive Lubricants Market Size, By Product Type, By Value, 2019–2029

Table 7        South India Automotive Lubricants Market Size, By Vehicle Type, By Value, 2019–2029

Table 8        East India Automotive Lubricants Market Size, By Product Type, By Value, 2019–2029

Table 9        East India Automotive Lubricants Market Size, By Vehicle Type, By Value, 2019–2029

Table 10      West India Automotive Lubricants Market Size, By Product Type, By Value, 2019–2029

Table 11      West India Automotive Lubricants Market Size, By Vehicle Type, By Value, 2019–2029

Table 12      Indian Oil Corporation Limited Company Overview

Table 13      Indian Oil Corporation Limited Financial Overview

Table 14      Bharat Petroleum Corporation Limited  Company Overview

Table 15      Bharat Petroleum Corporation Limited  Financial Overview

Table 16      Hindustan Petroleum Corporation Limited Company Overview

Table 17      Hindustan Petroleum Corporation Limited Financial Overview

Table 18      Castrol India Limited Company Overview

Table 19      Castrol India Limited Financial Overview

Table 20      Gulf Oil Lubricants India Limited Company Overview

Table 21      Gulf Oil Lubricants India Limited Financial Overview

Table 22      Shell India Company Overview

Table 23      Shell India Financial Overview

Table 24      ExxonMobil Lubricants Private Limited Company Overview

Table 25      ExxonMobil Lubricants Private Limited Financial Overview

Table 26      Total Lubricants India Pvt Ltd Company Overview

Table 27      Total Lubricants India Pvt Ltd Financial Overview

Table 28      Valvoline Cummins Pvt Ltd Company Overview

Table 29      Valvoline Cummins Pvt Ltd Financial Overview

Table 30      Chevron Lubricants India Pvt Ltd Company Overview

Table 31      Chevron Lubricants India Pvt Ltd Financial Overview

Table 32      Other Prominent Players Company Overview

Table 33      Other Prominent Players Financial Overview