India Automotive Lubricant Market to grow at 8.61% CAGR by 2029

Rapid technological advancements in synthetic and semi-synthetic lubricants, along with innovations in eco-friendly and biodegradable products, are further propelling the market.

According to TechSci Research report, “India Automotive Lubricant Market - India Industry Size, Share, Trends, Competition Forecast & Opportunities, 2029F”,the Indian Automotive Lubricant market was valued at USD 6.39 Billion in 2023 and is expected to reach USD 10.49 Billion by 2029 with a CAGR of 8.61% during the forecast period. The automotive lubricant market of India offers a variety of products designed to enhance vehicle performance and longevity, with a growing shift toward synthetic and semi-synthetic oils. These advanced lubricants reduce friction, improve fuel efficiency, and extend engine life. Consumer awareness is driving demand for high-quality, eco-friendly lubricants that meet stricter emission standards. Additionally, there is increasing demand for lubricants tailored to electric vehicles and smart lubrication systems. With innovations in formulation and sustainability, the market is evolving to meet modern consumer needs and the future of automotive technology.

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The Indian automotive lubricant market is experiencing growth fueled by various factors, such as the increasing number of vehicles on the road, heightened consumer awareness about vehicle upkeep, and technological advancements in both vehicles and lubricants. As incomes rise and the middle class expands, more individuals are purchasing personal vehicles, which leads to greater demand for lubricants. The growing urban population also contributes to the demand, as more vehicles—particularly two-wheelers and budget cars—require regular maintenance. Alongside the rise in vehicle ownership, consumers are becoming more conscious of the need for quality lubricants to improve vehicle performance and prolong engine life. This shift is driving demand for lubricants that offer enhanced protection, fuel efficiency, and longer oil change intervals.

A significant trend shaping the Indian automotive lubricant market is the shift towards synthetic and semi-synthetic oils, which are gaining popularity due to their high performance and longer-lasting capabilities. These lubricants are becoming essential as modern engines demand more advanced formulations to meet the higher performance and emission standards set by regulations like BS-VI. The increasing focus on sustainability is another driving trend, with consumers looking for eco-friendly lubricants, such as those made from renewable resources. These trends align with the Indian government's push for environmentally sustainable products. The emergence of smart lubricants, which integrate technologies such as real-time oil monitoring systems and IoT, is also influencing the market, catering to consumers who prefer innovative solutions to optimize vehicle maintenance.

The Indian automotive lubricant market is segmented into various types, each serving a distinct function in ensuring optimal vehicle performance and maintenance. Engine oil is one of the most critical lubricants, reducing friction, preventing wear, and maintaining engine efficiency. It is available in different formulations, including conventional, semi-synthetic, and fully synthetic oils, which offer varying levels of protection and performance. Gear and brake oils are specialized lubricants used in vehicle transmissions and braking systems. These oils ensure smooth gear shifts and proper braking functionality, even under high-pressure and extreme temperature conditions. Additives like anti-wear agents and corrosion inhibitors are commonly used to enhance the performance and durability of these oils.

Transmission fluid plays a vital role in the transmission system, aiding in smooth gear transitions, cooling, and cleaning components, especially in automatic transmissions. Grease, another essential lubricant, is used in areas such as wheel bearings, suspension systems, and chassis components, where long-lasting lubrication is needed. Its thick, adhesive properties allow it to perform well in parts exposed to high pressure, heat, and moisture. Grease is formulated by mixing base oils with thickeners and additives to ensure superior retention and durability. Each lubricant type is designed to meet specific operational needs, ensuring that vehicles operate efficiently, reliably, and safely, enhancing their performance and lifespan.

In 2023, the fastest growing region in the Indian automotive lubricant market is North India. The growth in this region is driven by a combination of factors, including a significant increase in vehicle ownership, urbanization, and industrialization. North India, which includes key states such as Delhi, Uttar Pradesh, Haryana, Punjab, and Rajasthan, is experiencing a boom in both passenger and commercial vehicle segments. This surge in vehicle numbers is directly contributing to the rising demand for automotive lubricants, as more vehicles require regular maintenance and high-quality lubricants for optimal performance.

The demand for lubricants in North India is further driven by the expanding middle class and rising disposable incomes, particularly in major cities like Delhi, Chandigarh, and Lucknow. As urbanization accelerates, more people are purchasing vehicles, and there is growing awareness about the importance of using premium lubricants for engine protection, improved fuel efficiency, and longer oil change intervals. This is leading to a shift toward synthetic and semi-synthetic lubricants, which are favored for their superior performance characteristics in high-performance engines. The expanding aftermarket sector also plays a crucial role in fueling lubricant demand, as a large portion of vehicle owners in North India increasingly opt for high-quality lubricants during routine maintenance and service.

Major companies operating in India Automotive Lubricant market are:

• Indian Oil Corporation Limited
• Castrol India Limited
• Bharat Petroleum Corporation Limited
• Hindustan Petroleum Corporation Limited
• Gulf Oil Lubricants India Limited
• Valvoline Cummins Private Limited
• Shell India Markets Private Limited
• Total Oil India Private Limited
• SAVITA OIL TECHNOLOGIES LIMITEDAT&T
• Veedol Corporation Limited

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“There are numerous potentials for the development and marketing of new lubricants in the Indian Automotive lubricant market. With increased number on vehicle on road, the need for maintenance and services is increased which raises the need for more premium and advanced lubricants. The need for lubricants is also expanding along with the number of vehicles. Additionally, the government's standardization of the vehicle leads lubricant makers to engage in research and development to produce high-quality lubricant which meet the governments standards.-."said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

“India Automotive Lubricant Market – India Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Vehicle Type (Passenger Vehicle, Commercial Vehicle, Two-Wheelers), By Lubricant Type (Engine Oil, Gear and Brake Oil, Transmission Fluid, Grease), By Base Oil (Synthetic, Semi-Synthetic, Mineral), By Sales Channel (Online, Offline), By Region, By Competition, 2019-2029F”, has evaluated the future growth potential of India Automotive Lubricant market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the global Connected Cars market.

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