India Commercial Vehicle Lubricants Market Analysis
The India Commercial Vehicles Lubricants Market size is estimated at 639.09 million liters in 2025, and is expected to reach 825.41 million liters by 2030, at a CAGR of 5.25% during the forecast period (2025-2030).
- Largest Segment by Product Type - Engine Oils : Engine oil is the leading product type due to its high volume requirements and low drain intervals. It is used for high-temperature and high-pressure applications.
- Fastest Segment by Product Type - Transmission & Gear Oils : During the forecast period, the demand for hydraulic fluids is expected to be driven by the growth in commercial vehicle sales and increased freight transportation operations.
India Commercial Vehicle Lubricants Market Trends
Largest Segment By Product Type : Engine Oils
- In India, commercial vehicles (CVs) formed the largest segment and accounted for about 35.7% of lubricant consumption. During 2015-2019, lubricant consumption registered a CAGR of 8.41% in the commercial vehicle segment. This growth was majorly driven by the rise in sales of lightweight trucks.
- In 2020, commercial vehicle lubricant consumption declined by 12%, as the COVID-19 outbreak affected vehicle production. Engine oils accounted for a 70% share in CV lubricant consumption, followed by hydraulic fluids. A major dip was observed in the engine oil consumption in the CV segment during the year, owing to the impact of COVID-19 outbreak.
- Over the forecast period, the transmission oils segment is likely to be the fastest-growing segment with a CAGR of 6.55%. This growth is likely to be driven by the OEM companies' efforts toward launching trucks with automatic transmission systems.
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India Commercial Vehicle Lubricants Industry Overview
The India Commercial Vehicles Lubricants Market is moderately consolidated, with the top five companies occupying 54.38%. The major players in this market are Bharat Petroleum Corporation Limited, BP PLC (Castrol), Gulf Oil International, Hindustan Petroleum Corporation Limited and Indian Oil Corporation Limited (sorted alphabetically).
India Commercial Vehicle Lubricants Market Leaders
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Bharat Petroleum Corporation Limited
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BP PLC (Castrol)
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Gulf Oil International
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Hindustan Petroleum Corporation Limited
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Indian Oil Corporation Limited
- *Disclaimer: Major Players sorted in no particular order
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India Commercial Vehicle Lubricants Market News
- January 2022: Effective April 1, ExxonMobil Corporation was organized along three business lines - ExxonMobil Upstream Company, ExxonMobil Product Solutions and ExxonMobil Low Carbon Solutions.
- October 2021: Valvoline and Cummins extended their long-standing marketing and technology collaboration agreement for another five years. Cummins will endorse and promote Valvoline's Premium Blue engine oil for its heavy-duty diesel engines and generators and will distribute Valvoline products through its global distribution networks.
- 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.
India Commercial Vehicle Lubricants Industry Segmentation
| By Product Type | Engine Oils |
| Greases | |
| Hydraulic Fluids | |
| Transmission & Gear Oils |
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India Commercial Vehicle Lubricants Market Research FAQs
How big is the India Commercial Vehicles Lubricants Market?
The India Commercial Vehicles Lubricants Market size is expected to reach 639.09 million Liters in 2025 and grow at a CAGR of 5.25% to reach 825.41 million Liters by 2030.
What is the current India Commercial Vehicles Lubricants Market size?
In 2025, the India Commercial Vehicles Lubricants Market size is expected to reach 639.09 million Liters.
Who are the key players in India Commercial Vehicles Lubricants Market?
Bharat Petroleum Corporation Limited, BP PLC (Castrol), Gulf Oil International, Hindustan Petroleum Corporation Limited and Indian Oil Corporation Limited are the major companies operating in the India Commercial Vehicles Lubricants Market.
What years does this India Commercial Vehicles Lubricants Market cover, and what was the market size in 2024?
In 2024, the India Commercial Vehicles Lubricants Market size was estimated at 605.54 million Liters. The report covers the India Commercial Vehicles Lubricants Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the India Commercial Vehicles Lubricants Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
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Commercial Vehicle Lubricants in India Industry Report
Statistics for the 2025 India Commercial Vehicles Lubricants market share, size and revenue growth rate, created by Mordor Intelligenceā¢ Industry Reports. India Commercial Vehicles Lubricants analysis includes a market forecast outlook for 2025 to 2030) and historical overview. Get a sample of this industry analysis as a free report PDF download.
