India Passenger Vehicles Lubricants Market Analysis
The India Passenger Vehicles Lubricants Market size is estimated at 590.64 million liters in 2025, and is expected to reach 795.64 million liters by 2030, at a CAGR of 6.14% during the forecast period (2025-2030).
- 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.
India Passenger Vehicles Lubricants Market Trends
Largest Segment By Product Type : Engine Oils
- In India, passenger vehicles (PV) form the third-largest segment in terms of automotive lubricant consumption. During 2015-2019, the country recorded a CAGR of 7% in PV lubricant consumption due to a rise in the sales and usage of passenger vehicles.
- In 2020, passenger vehicles accounted for about 31.15% of the total automotive lubricant consumption in the country. Engine oil accounted for the largest share, of almost 80%, in the PV lubricant consumption during the year. During 2020, PV lubricants consumption declined by 16% due to the COVID-19 outbreak, which led to a dip in PV sales and delays in service intervals.
- Over 2021-2026, the transmission oils segment is estimated to become the fastest-growing segment, at a CAGR of 7.46%. The growing demand for vehicles with automatic transmissions is projected to drive the demand for transmission oils in the country over the coming years.
India Passenger Vehicles Lubricants Industry Overview
The India Passenger Vehicles Lubricants Market is moderately consolidated, with the top five companies occupying 64.43%. The major players in this market are Bharat Petroleum Corporation Limited, BP PLC (Castrol), Hindustan Petroleum Corporation Limited, Indian Oil Corporation Limited and Royal Dutch Shell Plc (sorted alphabetically).
India Passenger Vehicles Lubricants Market Leaders
Bharat Petroleum Corporation Limited
BP PLC (Castrol)
Hindustan Petroleum Corporation Limited
Indian Oil Corporation Limited
Royal Dutch Shell Plc
- *Disclaimer: Major Players sorted in no particular order
India Passenger Vehicles Lubricants Market News
- December 2021: ExxonMobil introduced a line of synthetic engine oils, i.e., Mobil Super Pro, for SUVs in India.
- September 2021: Shell partnered with ReadyAssist, a Bengaluru-based 24-hour roadside assistance firm, to provide a seamless oil changing service across the country. Customers can get a free lube change for their vehicles when they buy Shell lubricants through ReadyAssist, which will be accessible at up to 5,500 third-party retail outlets across the country.
- September 2021: ExxonMobil launched the Mobil Super All-in-One Protection SUV Pro synthetic engine oil for SUVs.
