The India automotive lubricant market size reached USD 2.65 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 3.56 Billion by 2033, exhibiting a growth rate (CAGR) of 3.35% during 2025-2033. The rising vehicle ownership, expanding transportation and logistics sectors, increasing consumer awareness of engine maintenance, advancements in synthetic and bio-based lubricants, and government regulations promoting fuel efficiency are propelling the market expansion.
Report Attribute
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Key Statistics
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Base Year
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2024 |
Forecast Years
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2025-2033
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Historical Years
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2019-2024
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Market Size in 2024 | USD 2.65 Billion |
Market Forecast in 2033 | USD 3.56 Billion |
Market Growth Rate 2025-2033 | 3.35% |
Advancements in Lubricant Technology
Technological innovations are reshaping the automotive lubricant landscape in India, leading to the development of high-performance and environmentally friendly products. The introduction of synthetic and bio-based lubricants is meeting the demand for superior engine protection and reduced environmental impact. These lubricants offer enhanced performance, longer oil change intervals, and improved fuel efficiency. In October 2023, BPCL, in partnership with Chevron, launched Caltex lubricants in India, introducing premium products under the Caltex brand, such as Chevron’s proprietary Havoline and Delo lubricant lines. This collaboration aims to enhance the lubricant offerings in the Indian market. Furthermore, ExxonMobil announced a USD 110 Million investment to establish a lubricant manufacturing factory in Raigad, Maharashtra, India. The new factory is projected to generate 159,000 kiloliters of lubricants per year to address the country's increasing lubricant demand. This strategic step enables the firm to create India-specific lubricants and position itself as a high-performance lubricant provider in the nation. These advancements demonstrate the industry's dedication to innovation, sustainability, and addressing consumers' changing expectations in the automotive lubricant business.
Impact of Electric Vehicle (EV) Adoption
The rise of electric vehicles (EVs) in India is influencing the automotive lubricant market, leading to both challenges and opportunities. Government initiatives, such as the Electric Mobility Promotion Scheme with a budget of ₹500 crore (approximately USD 60.18 Million), are driving the growth of green mobility and boosting electric vehicle production in India. This shift is reshaping the market by reducing the demand for conventional lubricants. While EVs require less engine lubrication, there is a growing need for specialized fluids to manage battery cooling and electrical components. Additionally, India is establishing itself as a key global hub for auto component sourcing, with the industry exporting over 25% of its total production each year. This growing export activity is further driving market expansion. In addition to this, lubricant manufacturers are innovating to develop products tailored for EVs, such as coolants and greases compatible with electric drivetrains, to meet the evolving market demands. The transition to EVs is prompting the lubricant industry to adapt by creating specialized products, thereby sustaining market growth amidst changing automotive technologies.
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the region/country level for 2025-2033. Our report has categorized the market based on product and vehicle type.
Product Insights:
The report has provided a detailed breakup and analysis of the market based on the product. This includes engine oil, gear oil, transmission fluids, brake fluids, coolants, greases, and others.
Vehicle Type Insights:
A detailed breakup and analysis of the market based on the vehicle type have also been provided in the report. This includes passenger cars, light commercial vehicles, heavy commercial vehicles, and others.
Regional Insights:
The report has also provided a comprehensive analysis of all the major regional markets, which include North India, South India, East India, and West India.
The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
Report Features | Details |
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Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Billion USD |
Scope of the Report |
Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment:
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Products Covered | Engine Oil, Gear Oil, Transmission Fluids, Brake Fluids, Coolants, Greases, Others |
Vehicle Types Covered | Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles, Others |
Regions Covered | North India, South India, East India, West India |
Customization Scope | 10% Free Customization |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |