0 0 lang="en-GB"> India Automotive Lubricants to Hit USD 10.19 Billion by 2030- MarkNtel - Times Of Economics
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India Automotive Lubricants to Hit USD 10.19 Billion by 2030- MarkNtel

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According to recent findings, the  India Automotive Lubricants Market size was valued at around USD 6.94 billion in 2024 and is expected to reach USD 10.19 billion in 2030. Along with this, the market is estimated to grow at a CAGR of around 6.61% during the forecast period, i.e., 2025-30.

At MarkNtel Advisors, we continuously monitor and analyze industry trends to provide reliable insights that support informed decision-making and the key factors contributing to the market’s promising outlook.

India Automotive Lubricants Overview:

The market growth is attributed to the rising disposable income in the region because of rapid urbanization, affecting the standard of living and raising automotive sales to fulfill consumers’ desire to own a personal vehicle instead of public transport. Also, the maintenance of luxury cars further incorporates the implementation of lubricants, securing industrial extension. Thus, the rising penetration of on-road vehicles, private cars for transportation, consumer affordability, and maintenance habits, combined with the presence of aging vehicles exhibiting the scope of their care, further fuels the market expansion.

In addition, stable crude oil prices with the growing awareness among consumers about the benefits of highly efficient engine oils, along with the advantages of regular oil change & maintenance extending the vehicle’s life & quality, are also adding to enhancing the India Automotive Lubricants Market size. Furthermore, governmental initiatives towards increasing road infrastructures and constructing new highways to facilitate automotive penetration in the traffic are likely to open new opportunities and growth avenues for the market. Contrarily, the rapid adoption of electric vehicles could hinder market expansion, as electric motors denounce the need for automotive lubricants or oil changes. However, the multitude of applications of engine oils to maintain the high fleet of on-road vehicles in the region secures product sustainability in the industry.

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India Automotive Lubricants Outlook and Future Trends :

Substantial Investment in the Improvement of Road Infrastructure & Connected Highways – The governmental programs and policies are working towards improving the infrastructure and building connecting highways between significant traffic points and major cities to resolve the under-penetration of vehicles in many urban and rural areas, fueling the market expansion. Moreover, the government has been aiming to construct various national highways and transform the road infrastructure of numerous states.

Global India Automotive Lubricants Segmentation Analysis:

By Vehicle Type

According to reports, Among all, Passenger Car is estimated to acquire the largest share in the India Automotive Lubricants Market during the forecast period, aided by the significant consumption of transmission and gear oil.

By Type

According to reports, Among all, Engine oil is projected to lead the industry with potential shares, during the forecasting period.

By Base Oil

By Demand Category

By Sales Channel

By Region

For deeper insights into the market, explore the summary of the research report – https://www.marknteladvisors.com/research-library/india-automotive-lubricants-market.html

Some of the Market players in the Global India Automotive Lubricants are:

India Automotive Lubricants Recent Development:

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Research Methodology Summary

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About Post Author

Asmit Singh

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