Summary

India's synthetic automotive engine oil market is undergoing a significant transformation, spurred by a surge in vehicle production, rising awareness about engine performance, and a focus on environmental sustainability. Synthetic engine oils have emerged as a vital component in the modern automotive ecosystem, offering enhanced fuel efficiency, superior lubrication, and long engine life. These oils are increasingly being adopted for passenger cars, commercial vehicles, and high-performance engines due to their unmatched thermal and oxidation stability.

Market Insights

According to industry estimates, the India synthetic automotive engine oil market is projected to grow at a compound annual growth rate (CAGR) of 4.65% from 2025 to 2032. The market is expected to reach US$ 720 million by 2025 and climb to US$ 990 million by the end of 2032. This growth trajectory is underpinned by the increasing use of synthetic oil in advanced engines and the ongoing expansion of India’s automotive sector.

Synthetic engine oils possess a high viscosity index and maintain consistent performance across temperature extremes. Unlike conventional oils, synthetic variants do not degrade easily, offering longer oil change intervals and better engine protection. Their superior quality and performance make them the preferred choice for modern internal combustion engines, hybrid engines, and high-performance vehicles.

Key Market Drivers

1. Rise in Vehicle Production and Ownership: The increasing number of passenger and commercial vehicles on Indian roads is a major driver of synthetic engine oil demand. Rising disposable incomes and a growing middle class are contributing to increased vehicle ownership.

2. Advancements in Engine Technology: Today’s engines are more compact, run hotter, and require lubricants with better temperature stability and oxidation resistance. Synthetic oils meet these requirements more effectively than mineral oils.

3. Focus on Fuel Efficiency and Emissions Control: The automotive industry is under regulatory pressure to improve fuel economy and reduce emissions. Synthetic engine oils reduce engine friction and support better fuel efficiency, aligning with environmental goals.

4. Consumer Awareness: Growing awareness among vehicle owners about preventive maintenance and engine performance has led to a shift toward high-quality synthetic engine oils.

Business Opportunities

The Indian synthetic engine oil market presents strong investment potential, particularly in full synthetic engine oil products and advanced formulations using Group IV base oils. These segments are gaining traction due to their performance, longevity, and cost-effectiveness in the long run. Players focusing on product innovation, expanding their distribution networks, and offering value-added services are likely to benefit the most.

Small- and medium-sized enterprises (SMEs) are entering the market by offering cost-effective alternatives and niche solutions, further intensifying the competitive Analysis. Additionally, India’s automotive exports and strong industrial base create a favorable environment for sustained demand.

Regional Analysis

• West India: Expected to witness significant growth due to a high concentration of automotive manufacturers and suppliers. The region’s market is projected to grow steadily, supported by infrastructure development and the presence of well-established players.

• North India: With government support for industrial development and major automotive clusters, North India remains a vital market. Its contribution to the national GDP and investment in infrastructure are propelling growth in this segment.

Key Players

The India synthetic automotive engine oil market is competitive, with major national and international players holding between 55% and 65% of the market share. Key companies include:

• Indian Oil Corporation Limited

• HPCL

• BPCL

• Castrol Ltd.

• Savita Oil

• Shell PLC

• Valvoline Inc.

• Amsoil Inc.

• Gulf Oil International

• Motul

• ExxonMobil Corporation

• BP PLC

• Phillips 66 Company

These companies are continuously enhancing their product portfolios and expanding their market reach to stay competitive.

Challenges

While growth prospects remain strong, the market faces certain headwinds. The increasing penetration of electric vehicles (EVs), which require minimal lubrication compared to combustion engines, may temper demand in the long run. Government initiatives promoting EV adoption, such as the FAME India program, could gradually influence market dynamics.

Market Segmentation

By Vehicle Type

• Passenger Cars

• LCVs

• HCVs

• Two Wheelers

• Racing Vehicles

• Marine

By Product Type

• Full Synthetic Engine Oil

• Synthetic Blend Engine Oil

• High Mileage Synthetic Engine Oil

• Racing Synthetic Engine Oil

• Others

By Base Oil Type

• Group III Base Oil

• Group IV Base Oil

• Group V Base Oil

By Region

• North India

• South India

• East India

• West India

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Table of Contents

1. Executive Summary
1.1. India Synthetic Automotive Engine Oil Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Regional Snapshot, by Value, 2025
1.5. Analyst Recommendations
2. Market Overview
2.1. Market Definitions and Segmentations
2.2. Market Dynamics
2.2.1. Drivers
2.2.2. Restraints
2.2.3. Market Opportunities
2.3. Value Chain Analysis
2.4. Porter’s Five Forces Analysis
2.5. COVID-19 Impact Analysis
2.5.1. Supply
2.5.2. Demand
2.6. Impact of Ukraine-Russia Conflict
2.7. Economic Overview
2.7.1. World Economic Projections
2.8. PESTLE Analysis
3. Production Output and Trade Statistics, 2019-2024
3.1. India Synthetic Automotive Engine Oil, Production Output, by Region, 2019-2024
3.1.1. North India
3.1.2. South India
3.1.3. West India
3.1.4. East India
3.1.5. Middle East & Africa
4. Production Output and Trade Statistics, 2019-2024
4.1. Key Highlights
4.2. India Average Price Analysis, by Vehicle Type, US$ per Kg
4.3. Prominent Factors Affecting Product Prices
4.4. India Average Price Analysis, by Region, US$ per Kg
5. India Synthetic Automotive Engine Oil Market Outlook, 2019-2032
5.1. India Synthetic Automotive Engine Oil Market Outlook, by Vehicle Type, Volume (Tons) and Value (US$ Mn), 2019-2032
5.1.1. Key Highlights
5.1.1.1. Passenger Cars
5.1.1.2. LCVs
5.1.1.3. HCVs
5.1.1.4. Two Wheelers
5.1.1.5. Racing Vehicles
5.1.1.6. Marine
5.2. India Synthetic Automotive Engine Oil Market Outlook, by Product Type, Volume (Tons) and Value (US$ Mn), 2019-2032
5.2.1. Key Highlights
5.2.1.1. Full Synthetic Oil
5.2.1.2. Synthetic Blend Engine Oil
5.2.1.3. High Mileage Synthetic Engine Oil
5.2.1.4. Racing Synthetic Engine Oil
5.2.1.5. Miscellaneous
5.3. India Synthetic Automotive Engine Oil Market Outlook, by Base Oil Type, Volume (Tons) and Value (US$ Mn), 2019-2032
5.3.1. Key Highlights
5.3.1.1. Group III Base Oils
5.3.1.2. Group IV Base Oil
5.3.1.3. Group V Base Oil
5.4. India Synthetic Automotive Engine Oil Market Outlook, by Region, Volume (Tons) and Value (US$ Mn), 2019-2032
5.4.1. Key Highlights
5.4.1.1. North India
5.4.1.2. South India
5.4.1.3. West India
5.4.1.4. East India
6. North India Synthetic Automotive Engine Oil Market Outlook, 2019-2032
6.1. North India Synthetic Automotive Engine Oil Market Outlook, by Vehicle Type, Volume (Tons) and Value (US$ Mn), 2019-2032
6.1.1. Key Highlights
6.1.1.1. Passenger Cars
6.1.1.2. LCVs
6.1.1.3. HCVs
6.1.1.4. Two Wheelers
6.1.1.5. Racing Vehicles
6.1.1.6. Miscellaneous
6.2. North India Synthetic Automotive Engine Oil Market Outlook, by Product Type, Volume (Tons) and Value (US$ Mn), 2019-2032
6.2.1. Key Highlights
6.2.1.1. Full Synthetic Oil
6.2.1.2. Synthetic Blend Engine Oil
6.2.1.3. High Mileage Synthetic Engine Oil
6.2.1.4. Racing Synthetic Engine Oil
6.2.1.5. Miscellaneous
6.3. North India Synthetic Automotive Engine Oil Market Outlook, by Base Oil Type, Volume (Tons) and Value (US$ Mn), 2019-2032
6.3.1. Key Highlights
6.3.1.1. Group III Base Oils
6.3.1.2. Group IV Base Oil
6.3.1.3. Group V Base Oil
6.3.2. BPS Analysis/Market Attractiveness Analysis
7. South India Synthetic Automotive Engine Oil Market Outlook, 2019-2032
7.1. South India Synthetic Automotive Engine Oil Market Outlook, by Vehicle Type, Volume (Tons) and Value (US$ Mn), 2019-2032
7.1.1. Key Highlights
7.1.1.1. Passenger Cars
7.1.1.2. LCVs
7.1.1.3. HCVs
7.1.1.4. Two Wheelers
7.1.1.5. Racing Vehicles
7.1.1.6. Miscellaneous
7.2. South India Synthetic Automotive Engine Oil Market Outlook, by Product Type, Volume (Tons) and Value (US$ Mn), 2019-2032
7.2.1. Key Highlights
7.2.1.1. Full Synthetic Oil
7.2.1.2. Synthetic Blend Engine Oil
7.2.1.3. High Mileage Synthetic Engine Oil
7.2.1.4. Racing Synthetic Engine Oil
7.2.1.5. Miscellaneous
7.3. South India Synthetic Automotive Engine Oil Market Outlook, by Base Oil Type, Volume (Tons) and Value (US$ Mn), 2019-2032
7.3.1. Key Highlights
7.3.1.1. Group III Base Oils
7.3.1.2. Group IV Base Oil
7.3.1.3. Group V Base Oil
7.3.2. BPS Analysis/Market Attractiveness Analysis
8. West India Synthetic Automotive Engine Oil Market Outlook, 2019-2032
8.1. West India Synthetic Automotive Engine Oil Market Outlook, by Vehicle Type, Volume (Tons) and Value (US$ Mn), 2019-2032
8.1.1. Key Highlights
8.1.1.1. Passenger Cars
8.1.1.2. LCVs
8.1.1.3. HCVs
8.1.1.4. Two Wheelers
8.1.1.5. Racing Vehicles
8.1.1.6. Miscellaneous
8.2. West India Synthetic Automotive Engine Oil Market Outlook, by Product Type, Volume (Tons) and Value (US$ Mn), 2019-2032
8.2.1. Key Highlights
8.2.1.1. Full Synthetic Oil
8.2.1.2. Synthetic Blend Engine Oil
8.2.1.3. High Mileage Synthetic Engine Oil
8.2.1.4. Racing Synthetic Engine Oil
8.2.1.5. Miscellaneous
8.3. West India Synthetic Automotive Engine Oil Market Outlook, by Base Oil Type, Volume (Tons) and Value (US$ Mn), 2019-2032
8.3.1. Key Highlights
8.3.1.1. Group III Base Oils
8.3.1.2. Group IV Base Oil
8.3.1.3. Group V Base Oil
8.3.2. BPS Analysis/Market Attractiveness Analysis
9. East India Synthetic Automotive Engine Oil Market Outlook, 2019-2032
9.1. East India Synthetic Automotive Engine Oil Market Outlook, by Vehicle Type, Volume (Tons) and Value (US$ Mn), 2019-2032
9.1.1. Key Highlights
9.1.1.1. Passenger Cars
9.1.1.2. LCVs
9.1.1.3. HCVs
9.1.1.4. Two Wheelers
9.1.1.5. Racing Vehicles
9.1.1.6. Miscellaneous
9.2. East India Synthetic Automotive Engine Oil Market Outlook, by Product Type, Volume (Tons) and Value (US$ Mn), 2019-2032
9.2.1.1. Full Synthetic Oil
9.2.1.2. Synthetic Blend Engine Oil
9.2.1.3. High Mileage Synthetic Engine Oil
9.2.1.4. Racing Synthetic Engine Oil
9.2.1.5. Miscellaneous
9.3. East India Synthetic Automotive Engine Oil Market Outlook, by Base Oil Type, Volume (Tons) and Value (US$ Mn), 2019-2032
9.3.1. Key Highlights
9.3.1.1. Group III Base Oils
9.3.1.2. Group IV Base Oil
9.3.1.3. Group V Base Oil
9.3.2. BPS Analysis/Market Attractiveness Analysis
10. Competitive Landscape
10.1. Base Oil Type vs Product Type Heatmap
10.2. Manufacturer vs Product Type Heatmap
10.3. Company Market Share Analysis, 2025
10.4. Competitive Dashboard
10.5. Company Profiles
10.5.1. Indian Oil Corporation Limited
10.5.1.1. Company Overview
10.5.1.2. Product Portfolio
10.5.1.3. Financial Overview
10.5.1.4. Business Strategies and Development
10.5.2. HPCL
10.5.2.1. Company Overview
10.5.2.2. Product Portfolio
10.5.2.3. Financial Overview
10.5.2.4. Business Strategies and Development
10.5.3. BPCL
10.5.3.1. Company Overview
10.5.3.2. Product Portfolio
10.5.3.3. Financial Overview
10.5.3.4. Business Strategies and Development
10.5.4. Castrol Ltd.
10.5.4.1. Company Overview
10.5.4.2. Product Portfolio
10.5.4.3. Financial Overview
10.5.4.4. Business Strategies and Development
10.5.5. Savita Oil
10.5.5.1. Company Overview
10.5.5.2. Product Portfolio
10.5.5.3. Financial Overview
10.5.5.4. Business Strategies and Development
10.5.6. Shell PLC
10.5.6.1. Company Overview
10.5.6.2. Product Portfolio
10.5.6.3. Financial Overview
10.5.6.4. Business Strategies and Development
10.5.7. Valvoline Inc.
10.5.7.1. Company Overview
10.5.7.2. Product Portfolio
10.5.7.3. Financial Overview
10.5.7.4. Business Strategies and Development
10.5.8. Amosil Inc.
10.5.8.1. Company Overview
10.5.8.2. Product Portfolio
10.5.8.3. Financial Overview
10.5.8.4. Business Strategies and Development
10.5.9. Gulf Oil International
10.5.9.1. Company Overview
10.5.9.2. Product Portfolio
10.5.9.3. Financial Overview
10.5.9.4. Business Strategies and Development
10.5.10. Motul
10.5.10.1. Company Overview
10.5.10.2. Product Portfolio
10.5.10.3. Financial Overview
10.5.10.4. Business Strategies and Development
10.5.11. ExxonMobil Corporation
10.5.11.1. Company Overview
10.5.11.2. Product Portfolio
10.5.11.3. Financial Overview
10.5.11.4. Business Strategies and Development
10.5.12. Total S.A.
10.5.12.1. Company Overview
10.5.12.2. Product Portfolio
10.5.12.3. Financial Overview
10.5.12.4. Business Strategies and Development
10.5.13. BP PLC
10.5.13.1. Company Overview
10.5.13.2. Product Portfolio
10.5.13.3. Financial Overview
10.5.13.4. Business Strategies and Development
10.5.14. Phillips 66 Company
10.5.14.1. Company Overview
10.5.14.2. Product Portfolio
10.5.14.3. Financial Overview
10.5.14.4. Business Strategies and Development
10.5.15. FUCHS
10.5.15.1. Company Overview
10.5.15.2. Product Portfolio
10.5.15.3. Financial Overview
10.5.15.4. Business Strategies and Development
11. Appendix
11.1. Research Methodology
11.2. Report Assumptions
11.3. Acronyms and Abbreviations