Best Top 10 Lubricant Companies in India : The first 10 lubricating oil manufacturing businesses in India from which a perfect lubricant can be selected is a good way of heavy machinery performance and longevity. India consumes an aggregate of 3.01 billion liters of lubricants per year, and the figures indicate that this consumption will rise to 3.79 billion liters by 2030 . Such a huge consumption is indicative of the extent to which these products are the backbone of our industrial ecosystem.
The lubricants demand in India is gradually increasing.The market for industrial lubricants is predicted to increase from $59.4 billion in 2025 to possibly $86.8 billion by 2035 resulting in an average annual growth rate (CAGR) of 3.8% approximately. Besides that, the latest figures provide the projection of the India Industrial Lubricants Market at USD 13,045 Million in 2024 with the capacity of going up to USD 20,715 Million by 2033. Among various products, hydraulic fluids, which are absolutely necessary for the operation of heavy machinery, are leading the market with a revenue share of about 32% .
We also acknowledge that it might be very complicated for you to find the right lubricant manufacturers in India. That is why, in this detailed guide, we are going to present lubricant market leaders such as HPCL Industrial Lubricants, Bharat Petroleum, Castrol, and Indian Oil Corp Limited . In essence, we assist you in deciding on the maintenance regimen of your heavy machinery in 2025 by providing necessary information.
Overview of the Lubricants Market in India (2025) | A complete expert guide for industrial users, heavy machinery owners, and maintenance teams.
The Indian lubricants setting reveals a continuous growth pattern in 2025 and is a source of possibilities for both old and new players in the market. Let’s take a look at this significant market that is the engine of India’s industrial machinery.
Market size and CAGR
The size of the lubricants market in India is indicative of the country’s efforts in this sector and stand at 5.60 billion liters in 2025 according to our estimates. The market is expected to grow at CAGR of 3.16% with the volume reaching 6.55 billion liters by 2030. In dollars, the market would be worth around US $ 4,801.5 million in 2025, and it is expected to swell to US $ 6,578.0 million by 2032. The automotive segment is the highest spending customer with a 54.72% of revenue share. On the other hand, the demand for industrial lubricants is on a steady rise.
Key growth drivers
Expansion of the auto industry is one of the major motivations for this trend – The global largest two-wheel markets production of which holds 81% share of total markets is India.
Industrial Expansion – Increasing manufacturing activities especially in machinery and the development of the infrastructure sectors
Consumer awareness – Raising consumers’ knowledge of engine performance and maintenance
Aftermarket demand – Maintenance through regular servicing coupled with the growing vehicle fleets that are getting old Government initiatives such as Make in India.
What “Make in India” campaign has done to enable domestic manufacturing capabilities is quite significant. The move is redefining India not only as a consumer market but as a manufacturing hub within global value chains . With that, many companies are now implementing a “China+1 strategy” for supply security, thus facilitating the growth of industrial lubricants . These strategies have resulted in lively manufacturing hubs in big cities. Not only that, but there are also new specialized centers for the electronics, IT, and petrochemical industries.
What are the major lubricant types that leading lubricant companies in India provide?
Heavy machinery uses a variety of industrial lubricants which help to keep the machines in good working order even under a wide range of different conditions.
Hydraulic Systems rely on Pascal’s law Hauptzieltransmission of the energy by fluid from one point to another. Besides lubricating, these oils also perform the power transfer function . Good hydraulic fluids deliver wear reduction by creating film strength, help different metal parts, and keep the system clean . In addition, the viscosity-temperature relationship is very important – usually, the viscosity goes down at higher temperatures, hence the viscosity index is a very important factor. Their uses include forklift trucks, automotive lifts, tractors, and marine equipment.
Gear oils
Gear oils are engineered for heavy-duty commercial drivetrains where extreme pressures and shock loading are prevalent. Gear oils are the ones that direct the interaction of the moving parts within manual transmission systems and hence internal parts are safeguarded from wearing . They are thicker than engine oil and are specifically developed to tackle the pressure and forces that occur in the gear systems. The synthetic gear oils can keep the viscosity constant even the temperatures change. Besides, using the correct gear oil can lead to better fuel economy, longer lifespans of the equipment, and longer intervals between drainings.
Compressor oils
Air compressor lubricating oils not only allows fast and smooth starts even in cold weather, but also keeps the unit in good condition and helps extend its life. They can be used for lubrication, a source of cooling, and also for sealing. The synthetic start-up oils for use with compressor have a longer service interval, are free of the kind of sludge that causes fouling and help the discharge air cool naturally. Furthermore, they provide the prevention of rust on metal surfaces, lower the foam that may form and enhance the efficiency of the equipment. When choosing the compressor oil, one should take the following factors into consideration: Viscosity requirements, the prevention of rust, thermal stability, and water resistance.
Grease
Grease is basically “a semi-liquid to solid product resulting from the dispersion of a thickening agent in a liquid lubricant”. It consists of three parts: oil, thickener, and additives. The main thickeners are lithium, aluminum, clay, polyurea, sodium, and calcium. Among lithium soaps, which account for 72% of the market, there are the properties of water resistance and high-temperature tolerance. Grease finds its application in situations where there is an intermittent type of operation, the machinery is in the hard-to-reach places, the operating conditions are extreme, or the components are worn out.
Turbine and transformer oils
Besides the structural parts, it is highly recommended that the transformers obtain the needed insulation and cooling properties through the usage of transformer oils. Completely, these oil suppress corona and arcing while at the same time they act as coolants. They are of several kinds: mineral-based (from refined petroleum), synthetic (with excellent oxidation resistance), and bio-based (environmentally friendly alternatives). Good transformer oils should have the following features: high dielectric strength for insulation, thermal conductivity for cooling, and chemical stability for long life. Main applications include insulation, cooling, arc quenching, and lubrication of moving parts within transformers.
Base Oils: Mineral, Synthetic, and Bio-Based
Base oils make up about 85% of lubricant formulations, hence they are the primary materials of any good lubricant product. The decision to go for either mineral, synthetic, or bio-based oils greatly influences the performance of heavy machinery operations all over India.
Performance and cost differences
Mineral oils, which are gotten from petroleum, generally lubricate well and at quite affordable prices. Nevertheless, they are of low thermal stability and they also oxidize faster, thus sludge is formed which leads to decreased engine efficiency. Synthetic oils are made through chemical synthesis and they are able to keep the viscosity the same even in extreme temperatures and are also very resistant to thermal breakdown. Although they are mostly
They extend drain intervals and thus reduce maintenance frequency, priced 2-3 times higher than mineral alternatives. Bio-based oils, which are derived from rapeseed, sunflower, or soybean, are about twice as expensive as petroleum oils, but they have a biodegradability of 70-100%.
Heavy-duty applications
One of the factors that differentiate these base oil classes is their thermal stability under heavy-duty machinery that is subjected to stress. Mineral oils can be used for moderate temperatures, but at high temperatures, they deteriorate more rapidly. Synthetics such as Group III and PAOs are good choices for equipment that undergoes extreme temperature changes as the latest Group III oils can have almost the same properties as PAO in pour point, viscosity index, and oxidation stability. Actually, some high-quality Group II formulations can provide the same level of oxidation resistance as conventional synthetic ones.
Environmental considerations and regulations
Environment has become a major consideration in the selection of lubricants. Mineral oils have biodegradability of 15-75% and, thus, are not compliant with the 80% requirement for the “Blue Angel” eco-labeling scheme of Germany. On the other hand, bio-lubricants are at the very bottom of the pollution ladder which makes them the cleanest and safest solutions for the environmentally sensitive industries such as forestry, agriculture, and marine equipment.
Top Indian Lubricant Companies for Heavy Machinery
India’s lubricants market, third in the world after the US and China, has a number of leaders who are focusing on providing solutions for heavy machinery. With a total consumption of about 2.4 billion liters annually, this sector is attractive to both local and foreign companies.
Hindustan Petroleum (HP Lubricants) is India’s biggest lube marketer and the company features products that are capable of enduring even the most extreme operating conditions. Their oils are consistent performers even in highly challenging environments.
Castrol India Ltd, a company started in 1899 as ‘CC Wakefield & Company,’ is the market leader in terms of revenue and market capitalization. Their industrial division, through the use of special formulations, provides the exact solutions that heavy machinery needs.
The Servo brand of Indian Oil Corporation is the market leader with the largest share in India. The company offers solutions across automotive, industrial, and marine sectors. The company’s extensive presence in the market ensures a continuous supply of products for the heavy machinery operators all over the country.
MAK Lubricants of Bharat Petroleum offers cheap and affordable products by making no compromises in the quality. Headquartered in Mumbai, BPCL places the Construction and Agricultural sectors in the limelight and focuses on the performance and reliability of the machinery there.
Gulf Oil Lubricants, the Hinduja Group’s company, reports revenue of Rs 1,760 Cr. They have maintained good relationships with OEMs like Hero MotoCorp and Mahindra. As a result, compatibility with different types of equipment is assured.
Besides, there are some other very significant players like Savita Oil Technologies (Rs 2,143 Cr revenue), Shell with its advanced lubrication solutions, TotalEnergies giving attention to premium industrial applications, and Tide Water Oil (Rs 1,381 Cr revenue).
How to Select a Good Lubricant Company | Top 10 Lubricant Companies
The process of picking the best lubricant provider from among the 10 leading lubricant companies in India needs you to carefully assess a number of essential factors. Getting it right now will be a great investment as it will save you from expensive breakdowns later.
Verify if a company has certifications (BIS, ISO)
BIS certification is required for regulated products in India and thus it is an indication of legal compliance with Indian safety standards. While ISO is a voluntary certification, it is a sign of a company’s commitment to universal quality management standards. Primarily, BIS relies on Indian Standards (IS) and supports certification through ISI marks, thus making it an indispensable component for product entry into the Indian market. In contrast, ISO 9001:2015 is a documentation system that guarantees product consistency, correct testing of raw materials, and traceability in the process of production.
Interrogate product breadth and compatibility
Compatibility between products is the most important factor when changing lubricants. If lubricants are incompatible, sludge formation, separation into layers, color changes, or additive drop-out can take place. First of all, you should inquire about product compatibility from suppliers especially in the case of mixing different brands. Even if lubricants are chemically compatible, there may be an impact on their physical properties when they are mixed. When it comes to heavy machinery, lubricants should be matched to the equipment’s specific needs; e.g., use of hydraulic oils, gear oils, or high-temp greases.
Think about the seller’s support after the sale and the transport of goods
Good after-sales support is characterized by a quick response to the problems, providing correct usage instructions, and on-site performance checking. Usually, a company’s strong after-sales service results in a higher level of customer satisfaction and loyalty to the brand. At last, think about your delivery choices – whether by bulk, totes, drums, or pails – according to the size of your business. The companies that provide you with a delivery schedule or on-demand restocking services are those who, in turn, reduce the downtime hours of your machinery which is not allowed to stand still.
Regional Demand Trends Across India
Regional differences dictate the variations in the strategies employed by the top 10 lubricants companies in India to cater to the industrial needs that vary by region. A heavy machinery owner, by understanding such patterns, can decide wisely which will be best for him in terms of his location.
North India: Automotive and construction
It is the Delhi-NCR area that works like the main logistics hub, thus, through its extensive service network, bringing a lot of lubricant consumption. Meanwhile, the agricultural sector in Punjab and Haryana is driving a significant volume of consumption of machinery that requires specialized high-temperature greases during harvest seasons. It is worth mentioning that the severe winters in that region are the main reason for the increased demand of multi-grade 5W-30 oils, thus, pushing further the trend of premium products. The booming transport and logistics sectors, as well as the increase in the number of vehicles, are the main reasons for the market’s strong growth continuation in the northern states.
South India: Manufacturing and renewables
The factory-fill demand is largely driven by the manufacturing cluster in Chennai, considering the concentration of automobile and component manufacturing hubs. On the other hand, Bangalore’s tech-savvy workforce is more likely to select SUVs that use synthetic oils. The southern consumers are more loyal to brands than consumers from other regions which is a plus for the producers of premium lubricants. As per the latest report, Bengaluru alone recorded a 12% year-on-year growth in synthetic engine oil sales from FY 2023 to 2024.
West India: Petrochemicals and ports
Consumption is dominated by the Western India, this being supported by the automotive hubs of Pune, Aurangabad, and the Mumbai-Ahmedabad industrial corridor. The closeness to Jawaharlal Nehru Port opens the way for base-oil imports making it easier and convenient for lubricant companies to do their business. Besides, the petrochemical and refining belt in Gujarat is the major source of demand for industrial lubricants like gear and compressor oils as a result of concentrated production activities. Maharashtra, for instance, is the leader in India, accounting for more than 13 % of the total automotive lubricant consumption, with the SUV and two-wheeler segments being the major contributors.
East India: Mining and heavy engineering
The market of East India is going through a phase of growth which is brought about by infrastructure development and mining activities in West Bengal, Jharkhand, and Odisha. Coal mining and steel plants in Odisha are two of the biggest consumers of industrial lubricants that generate substantial demand. Based on the region’s industrial profile that is concentrated in steel, coal, and aluminum production, it is a significant market for industrial lubricants, especially for the heavy machinery and hydraulic systems. Furthermore, the projects on the highways are upgrading the transportation network thus supporting above-average growth in lubricant consumption.
Emerging Trends in Industrial Lubricants
The integration of technology top 10 lubricant companies in India take into account product development changes when heavy machinery owners look for the most efficient lubrication solutions. These advances are making lubrication more sustainable, smart, and efficient by creating new products.
Shift to synthetic and bio-based oils
Presently, the consumption of synthetic lubricants is around 6% worldwide, however, this number is expected to go up to 10% by 2020. In response to environmental regulations, a majority of lubricant manufacturers in India have started the production of vegetable-based or ester-based bio-lubricants as environmentally friendly alternatives. These products are more biodegradable as they range from 70-100% compared to mineral oil’s 15-75%. The main lubricant brands in India are aware that castor oil-based products offer a renewable resource that helps manufacturers to be more environmentally friendly.
Smart lubrication and IoT monitoring
Smart, real-time digital monitoring systems are changing the methods of maintenance. To accurately identify a few particles in lubricants, advanced optical technologies outfitted with high-resolution lenses and cameras are employed. These intelligent sensors always align themselves and communicate through different protocols (Profibus, modbus, J1939). Through IoT-enabled monitoring, heavy machinery owners can understand wear patterns, check for water contamination, and analyze oil deterioration from a distance.
Focus on energy efficiency and long-drain intervals
Energy-efficient synthetic lubricants show very clear benefits over industrial applications. On-field tests demonstrate a substantial 3.6% energy efficiency improvement compared to conventional mineral-based products. For the heavy machinery operations, it means the annual savings vary from ₹734,109 to ₹1,468,219 per unit . Besides the saving of costs, these sophisticated formulations also extend the drain intervals and the equipment life with the help of the decrease of the operating temperatures.
Regulatory Landscape and Compliance
Adherence to the ever-changing lubricant norms in India is a source of problems and chances for local machinery proprietors who are eyeing products of the top 10 lubricant companies in India.
Extended Producer Responsibility (EPR)
India’s new EPR model for used oils starting April 2024 will be a situation where producers and importers of lubricating oils will have to manage the collection and recycling of used oils correspondingly to their market share. To implement this, the Central Pollution Control Board is managing a digital portal with the recycling goals starting at 5% of oil sold in FY2023 and slowly reaching 50% by FY2031. By buying EPR certificates from the registered recyclers, this system encourages sustainability thus giving rise to a formal ecosystem for used oil management .
LUBE license requirements
Any business that is engaged in the processing, manufacturing, blending, or selling of lubricating oils is required by law to get a LUBE license as per the Lubricating Oils and Greases Order of 1987. The implementation of this requirement is aimed at ensuring good quality and protecting consumers. Besides the Shop & Establishment License and Sales Tax registration, the application for a LUBE license should also have other documents like storage licenses and proof of premises. The police or other government agencies can take action against persons operating in illegal activities without this license, which can include a fine or the closure of the business.
BIS and ISO standards
IS 11159 from the Bureau of Indian Standards is one of the main standards (Indian Standards) that defines different kinds of lubricants with various criteria e.g., parts 5 and 7 refer to hydraulic systems and gears respectively. Some of the Indian lubricant manufacturers have ISO certifications, such as ISO 9001:2015 (Quality Management), ISO 14001:2015 (Environmental Management), and ISO 45001:2018 (Occupational Health & Safety). In this way, these certificates are a guarantee for the final users that they will get a quality product and that the manufacturer follows quality management processes.
Future Outlook for Lubricant Manufacturers in India
With the changes brought by innovation to India’s industrial sector, lubricant manufacturers are now looking at different ways to grow. Technological advancements are pointing to the need for the sector to come up with new and more complex solutions than just the traditional ones.
Growth in EV and renewable sectors
The electric vehicle segment exposes the top 10 lubricant companies in India to situations where they can either lose or win. It is recognized by Castrol that EV fluids will be one of the major growth areas and their Castrol ON range is already being put to use in Tata Motors’ EV portfolio. In a similar manner, Gulf Oil is delivering EV-specific fluids such as transmission oils, brake fluids, and coolants to about ten original equipment manufacturers. The market for EV fluids is expected to be between 12,000 and 15,000 kiloliters in four years while the current volume is only about 1,800 kiloliters.
Need for R&D in specialty lubricants
Besides that, a research budget is still necessary if an organization wants to remain competitive in the long run. To be more specific, IndianOil started its R&D Center back in 1972, which is now responsible for the development of eco-friendly engine oils such as “SERVO Greenmile 5W-30” for passenger cars. Manufacturers are currently concentrating on the creation of products that have better thermal stability, lower friction, and higher conductivity. In the same way, Siddharth Grease & Lubes is one of the companies that has established a state-of-the-art R&D center dedicated to developing high-performance lubricants for critical applications.
Opportunities in export and OEM tie-ups
International markets present potential to increase business substantially, with India being a major exporter of oil lubricants to more than 112 countries across the globe. Nepal, Bangladesh, and Vietnam are the three top buyers of lubricant exports from India, and together, they consume 78% of India’s total exports. To talk about OEM relationships, Gulf Oil has worked closely with many manufacturers like Ashok Leyland, Mahindra, and Piaggio, producing co-branded and genuine oils for different applications.
Conclusion | Best Top 10 Lubricant Companies
The selection of an appropriate lubricant among the leading manufacturers in India is a major decision that eventually resulted in the change of how the heavy machinery performs, how long it lasts, and how much it costs to operate. We have, in fact, gone through the changing process of the Indian lubricant market throughout this manual, which is still very dynamic and fast-paced, and is mostly driven by the automotive sector, the industrial sector, and government initiatives such as Make in India.
Lubricants for different uses – hydraulic fluids or even special greases – are available for virtually any type of mechanical challenge faced by heavy machinery operators. Certainly, the trend of synthetic and bio-based formulations is not only a major step forward in performance capabilities but also a solution to the ever-increasing environmental concerns.
Such companies as Castrol India, Indian Oil’s Servo, BPCL’s MAK Lubricants, and HP Lubricants have become dependable partners for the owners of machinery as they offer consistent quality and specialized products. However, deciding on the right provider is still a matter of scrutinizing the certifications, the compatibility of the product, and the post-sales support carefully.
The regional demand patterns within India play a significant role in the availability and specialization of the products. For example, the northern regions are more inclined towards the automotive and construction sectors while the southern India is more into the manufacturing industry. In the meantime, the western India is taking advantage of its petrochemical infrastructure, and the eastern regions are focusing on mining and heavy engineering.
In the future, the use of IoT-based monitoring along with smart lubrication technologies is going to be the maintenance methods for heavy machinery. Also, the energy-saving formulations are still able to provide quite a large amount of money-saving measures while the regulatory frameworks, like EPR, are pushing the industry to be more sustainable.
We, as the owners of the machinery, should keep up with these changes to be able to make the best lubrication decisions. Partnering with the right lubricant will, thus, be able to lower the times when the machines cannot be used, prolong the equipment life, and increase operational efficiency, which is, essentially, the best way to protect your heavy machinery investment going into 2025 and on.
LUBE license requirements
Any business that is engaged in the processing, manufacturing, blending, or selling of lubricating oils has to get a LUBE license as per the Lubricating Oils and Greases Order of 1987. This compulsory requirement is put in place to maintain quality standards and protect the consumers. The application for the license should be accompanied by various documents such as the Shop & Establishment License, Sales Tax registration, storage licenses, and proof of the premises. Not having this license while operating may lead to monetary punishments or the shutting down of the business.
BIS and ISO standards
Indian Standards (IS) 11159, which are under the control of the Bureau of Indian Standards, depict lubricants as a source for different families among them included hydraulic systems (Part 5) and gears (Part 7). A number of lubricant producers in India are commit to keep their ISO certifications which include ISO 9001:2015 (Quality Management), ISO 14001:2015 (Environmental Management), and ISO 45001:2018 (Occupational Health & Safety). These certifications deliver to the owners of the equipment confidence in the uniformity of the product and management of quality protocols.
Future Outlook for Lubricant Manufacturers in India
As innovation continues to change India’s industrial landscape, lubricant producers are moving towards untapped areas of growth. The industry’s future is exhibited in the form of advanced methods for resolving new technological problems that go beyond the traditional use of the industry.
Growth in EV and renewable sectors
The EV sector is a source of difficulties and chances for the top 10 lubricant companies in India. Castrol has determined EV fluids to be one of the main areas for future growth, and its Castrol ON series is already being used in the whole electric vehicle range of Tata Motors. Correspondingly, Gulf Oil has already started the delivery of EV-specific fluids – among them transmission oils, brake fluids, and coolants – to around 10 original equipment manufacturers. Although small volumes today (approximately 1,800 kiloliters), the market for EV fluids is forecasted to grow to between 12,000 and 15,000 kiloliters in the next four years.
Need for R&D in specialty lubricants
Investment in research is still vital for being competitive in the future. IndianOil made a major step in 1972 when it founded its trailblazing R&D Center which nowadays is the creator of environmentally friendly engine oils like “SERVO Greenmile 5W-30” for passenger cars. Currently, industry players are concentrating on products that have better thermal stability, less friction, and higher conductivity. Similarly, Siddharth Grease & Lubes is among the companies that have established a state-of-the-art R&D facility geared towards the development of performance-grade lubricants for the most demanding areas of use.
Opportunities in export and OEM tie-ups
Markets for exports are a source of great potential for India as an exporting country of oil lubricants to more than 112 countries worldwide . Nepal, Bangladesh, and Vietnam together take in 78% of India’s exports of lubricants. In the context of OEM partnerships, Gulf Oil has collaborated with a great number of manufacturers, which include Ashok Leyland, Mahindra, and Piaggio, thus creating co-branded oils and genuine oils for specific applications.
