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Top 10 Best Lubricants Manufacturing Company In India In 2022

Top 10 Best Lubricants Manufacturing Company In India In 2022

 

A lubricant is a substance that lowers friction between surfaces in contact, reducing the amount of heat created while the surfaces move. It can transmit forces, move foreign particles, and heat or cool surfaces. Lubricity is a quality that helps to reduce friction.

Lubricants are utilised for a variety of purposes in addition to industrial applications. Cooking, bioapplications on humans (e.g. lubricants for artificial joints), are some of the other applications. It is primarily used to reduce friction and aid in smooth and efficient operation.

 

lubricant

 

Market Overview

 

The Indian lubricants market was valued at over 2,610 kiloton in 2020, and it is predicted to rise at a CAGR of more than 1.5% over the forecast period (2021-2026).

As a result of the COVID-19 effect in the first half of the year, the country’s industrial sector will see a negative impact in 2020. Because of the pandemic lockdown, automobile production has been halted, and plants have been temporarily shut down. This, in turn, influenced lubricant consumption in 2020.

Essential variables, including the growing use of high-performance synthetic lubricants, are expected to improve lubricant consumption in the country in the medium future.

On the other hand, the slowdown in the automotive industry is projected to stifle market expansion.

In 2020, the automobile sector led the market in the country, accounting for more than half of all end-user industry revenue.

 

Scope of the Report

 

The lubricants market in India is divided into segments based on product type and end-user industry. Engine oil, transmission and hydraulic fluid, metalworking fluid, general industrial oil, gear oil, grease, and other product categories are divided by product type. The market is divided into automotive, industrial, agriculture, and other end-user industries based on end-user industry. Market sizing and forecasting have been done based on the volume for each segment.

 

Market Trends to Watch

 

Engine Oil Segment Has Dominated the Demand

 

The three most prevalent types of engine oil are full synthetic oil, semi-synthetic oil, and mineral oil. In high-performance motorbikes, it is the most refined engine oil. This engine oil has a longer shelf life than the other two types of engine oils.

 

Mineral oil is the most often used type of motor oil in India. Mineral oil is a type of oil that is extracted from petroleum products. It’s commonly found in lower-capacity bikes like mopeds and scooters. Although the oil only lasts for a short time, it is highly economical, and as a result, it is in high demand due to its low cost and capacity to protect engines.

The manufacture of two-wheelers in India is constantly increasing. The engine oil segment is one of the most visible components directly influenced by two-wheeler production and consumption. Engine oil is a product in high demand and is mainly used in the two-wheeler industry.

Castrol India has introduced Castrol Magnatec engine oil with Dualock technology, designed to provide non-stop engine protection. This product’s unique feature is the mixture of two separate protection compounds that effectively protect engine components.

Engine oil consumption is predicted to rise during the forecast period due to increased demand from many sectors in the country.

 

Automotive Industry to Dominate the Market

 

In India, the automotive sector is the major end-user market for lubricants. Two-wheelers and passenger automobiles are examples of light-duty vehicles. The most commonly used lubricants in these autos include engine oils, gear oils, transmission oils, greases, and compressor oils. Lubricants have a presence in both the OEM and aftermarket markets.

Utility, courier, and package delivery trucks, ambulances, shuttle buses, school buses, and leisure vehicles are all examples of medium-duty trucks. On the other hand, Straight trucks are the most popular medium-duty chassis.

Due to the expanding young and middle-class population, the country’s automotive industry accounts for roughly 7.1 per cent of GDP, with the two-wheeler segment accounting for around 81 per cent of it. Furthermore, government initiatives like the Make in India campaign are assisting local and state-owned manufacturers in reaching out to consumers and providing stiff competition to international players.

Furthermore, the automotive sector has been witnessing a sustained shift in vehicle choices, from two- to four-wheelers, resulting from consistent economic development and higher earnings, which helps to augment demand for passenger car motor oils (PCMO).

However, India’s automobile sector has deteriorated over the last year due to a continuous dip in demand, weakening economic activity, and rising vehicle ownership prices. COVID-19 has wreaked havoc on the economy, as the lockdown has forced the closure of all manufacturing sectors.

As a result, the aforementioned issues are projected to impact the automotive industry, impairing the country’s lubricant demand growth.

 

 

The Top 10 Lubricants Manufacturing Companies in India in 2022 are shown below.

 

lubricant

1. Indian Oil Corporation Limited

 

Indian Oil Corporation Limited (IOCL) is a state-owned corporation. It is owned by the Indian government’s Ministry of Petroleum and Natural Gas, which is situated in New Delhi. In 2021, the government firm was rated 212nd on Fortune’s Global 500 list of the world’s largest enterprises. With a net profit of $6.1 billion for 2020-21, it is the country’s largest government-owned oil firm. As of March 31, 2021, Indian Oil employed 31,648 people, including 17,762 executives and 13,876 non-executives, as well as 2,775 women, accounting for 8.77 percent of the total workforce.

Indian Oil’s business activities span the whole hydrocarbon value chain, including refining, pipeline transportation, petroleum product marketing, crude oil, natural gas, and petrochemical exploration and production. Indian Oil has branched out into alternative energy and downstream operations globalisation. In Sri Lanka (Lanka IOC), Mauritius (IndianOil (Mauritius) Ltd), and the Middle East (IndianOil (Mauritius) Ltd), it has subsidiaries (IOC Middle East FZE).

For the second year in a row, IOCL became India’s most lucrative government corporation, with a record profit of 21,346 crores in 2017–18, followed by Oil and Natural Gas Corporation, which had a profit of 19,945 crores. By April 1, 2020, IndianOil was fully prepared to launch BS-VI (Bharat Stage VI) fuels in all of its Telangana retail stores and embrace world-class emission standards.

Sales of 410,000 barrels of oil per day were recorded at an all-time high of 410,000 barrels per day from January 2021 to January 26, 2021. Its major commercial partners are Delek, Qatar Petroleum, and Saudi Aramco, with Abu Dhabi National Oil Company and National Iranian Oil Company finalising agreements to produce high production output by the end of 2020.

 

Business divisions

 

There are seven major business divisions in the organisation:

  • Refineries Division
  • Pipelines Division
  • Marketing Division
  • R&D Division
  • Petrochemicals Division
  • Exploration & Production (E&P) Division
  • Explosives and Cryogenics Division

 

lubricant

2. Bharat Petroleum Corporation Limited

 

Bharat Petroleum Corporation Limited (BPCL) is an oil and gas company controlled by the Indian government. It is owned by India’s Ministry of Petroleum and Natural Gas, based in Mumbai, Maharashtra. In Kochi and Mumbai, it operates two big refineries. It was placed 309th on Fortune’s list of the world’s largest firms in 2020 and 792nd on Forbes’s “Global 2000” list in 2021. It is India’s second-largest downstream government-owned oil corporation.

 

The following refineries are owned and operated by Bharat Petroleum:

 

Mumbai Refinery is a refinery in Maharashtra, India. It has an annual capacity of 13 million metric tonnes.

 

Kochi Refinery is a refinery in Kerala that is located near Kochi. It has an annual capacity of 15.5 million metric tonnes.

Bina Refinery is located near Bina in Madhya Pradesh’s Sagar district. This refinery began as a joint venture between Bharat Petroleum and Oman Refineries Limited (BORL).

Numaligarh Refinery is in the Golaghat district of Assam, near Numaligarh. It has a yearly capacity of 3 million metric tonnes. (Oil India Ltd. led a consortium that bought it.)

Retail, Lubricants, Aviation, Refinery, Gas, I&C, and LPG are some of the company’s seven SBUs (Strategic Business Units).

They have well-known loyalty programmes such as Petrocard and Smartfleet.

In 2018, BPCL announced the construction of a second-generation biofuels refinery with a capacity of 100-kilo litres per day (KLPD) in Baulsingha village, Bargarh district, Odisha. The plant will use 2 lakh tonnes of rice straw to create fuel.

 

lubricant

3. Castrol India Limited

 

Castrol India Limited is a manufacturer of automotive and industrial lubricants. Castrol India is the second-largest manufacturer of automotive and industrial lubricants in the Indian lubricant market, with a market share of roughly 20%. Castrol Limited UK owns and operates it (part of BP Group). It has five manufacturing sites connected to 270 distributors that serve over 70,000 retail outlets.

Castrol India began importing specific automotive lubricants from C C Wakefield & Company in 1910 when the company first entered the Indian market. Indrol Lubricants and Specialities Pvt Ltd, a subsidiary of CIL, was founded in 1979. In 1982, CIL was turned into a public limited company listed on the BSE. In 1987, CIL established a subsidiary company called Indtech Speciality Chemicals, Ltd.

The company’s name was changed from Indrol Lubricants & Specialities Ltd. to Castrol India Ltd. on November 1, 1990. In technical partnership with Dussek Campbell, U.K., it assisted in producing telephone cable jellies, pharmaceutical jellies, and industrial waxes.

Reliance Industries and BP were in talks in December 2019 about opening petrol stations in India where Castrol’s products will be offered.

 

Products

Corrosion preventives and lubrIndustrial- Castrol metalworking fluids, cleaners, icants.

Oils – Cylinder oils- crosshead, crankcase oils-crosshead, truck piston engine oils, hydraulic oils, gear oils, compressor oils, turbine oils, refrigeration oils, emulsifiable oils, multi-grades, heat transfer oils, greases, and fishing

 

lubricant

 

4. Shell India Markets Private Limited

 

The Royal Dutch/Shell Group (‘Shell’) is an energy corporation with about 119,000 employees globally. Shell works in more than 140 countries and has five primary businesses: exploration and production, oil products, downstream gas and power, chemicals, and renewables. In 2003, Shell made over US$ 201 billion in revenue and has a long history in India, having started as a pioneering oil distribution firm in 1928 through Burmah Shell, a joint venture between the Burmah Oil Company and Asiatic Petroleum (India).

Shell India Private Limited, a wholly-owned subsidiary of Shell, was established in 1996 to manage the growth of operations in petroleum, natural gas, petrochemicals, and renewable energy. Shell is one of India’s leading FDI firms, with committed investments in many sectors totalling around US$ 850 million. Shell has interests in natural gas (LNG), liquefied petroleum gas (LPG), lubricants, bitumen, and solar energy in India, where it first opened a retail gasoline station in November 2004.

Shell is the only international corporation that has received permission from the Indian government to operate a retail fuels business in India. Shell’s US$ 650 million Hazira Port and LNG Terminal in Gujarat’s Surat area is an important FDI project to develop crucial gas infrastructure. In India, Shell has ten companies registered.

 

lubricant

5. Gulf Lubricants

 

Gulf Oil Lubricants India Ltd (GOLIL) is a well-known name in the Indian lubricant industry, serving many applications. It supplies a variety of enterprises in the automotive, industrial, and construction industries, and all major original equipment manufacturers have authorised its products (OEMs).

GOLIL was a forerunner in the ‘long drain interval’ platform and had several industry firsts to its name. In 2006, it debuted the ground-breaking Gulf Super Fleet LE Max. Gulf Pride 4T Plus, India’s first motorcycle engine oil with a 10,000 km drain interval, was launched in 2007. It was improved in 2010 to offer a drain interval of up to 40,000 kilometres, while Gulf Super Fleet LE Dura Max, India’s first and only 80,000 km drain interval oil, was launched in 2012.

Gulf has partnered with IPL teams like Kings XI Punjab, Chennai Super Kings, and Pune Supergiants in India.

Gulf is now one of India’s lubricant industry’s fastest-growing brands. In India’s ‘bazaar’ market, the brand is ranked in the top two for new-generation commercial vehicles and motorcycle engine oils. With OEM partnerships, it hopes to expand its footprint in the tractor market. The company also plans to focus on exporting to neighbouring countries. Plans are in the pipeline to expand the immediate production capacity at Silvassa and construct a second manufacturing location in Chennai over the following two years.

 

lubricant

6. Valvoline Cummins Ltd

 

Valvoline Cummins Private Limited is a 50:50 joint venture between Valvoline International Inc. of the United States and Cummins India Ltd., India’s leading manufacturer of diesel engines and largest exporter of engineering products. Valvoline Cummins Private Limited is engaged in the production, distribution, and marketing of lubricants, grease, and other allied products in India.

Today, it is one of India’s fastest-growing lubricant firms, producing a range of fluids for engines built by several OEMs, including Tata Motors, like engine oils, gear oils, radiator coolants, and brake fluids. Over 400 people work globally, with over 450 distributors, 50,000 resellers, and 2,000 direct consumers.

Valvoline Cummins thinks its development potential is based on the quality of its execution, its ability to innovate, and its determination to stay ahead of market expectations. Its objective is to use real-world insights to create helpful solutions that help its customers and users succeed.

Valvoline’s commitment to resonating with its customers’ aims and dreams is exemplified through the Virat association. Virat represents the same values as Valvoline Cummins: excellence, high performance, and consistency.

lubricant

7. Exxon Mobil Lubricants Private Limited

 

ExxonMobil is a global provider and marketer of fuels, lubricants, and speciality chemicals, like lubricant base stocks, waxes, and asphalt. ExxonMobil and its corporate ancestors have been at the forefront of lubricant technology innovation for more than 150 years, dating back to the creation of the Vacuum Oil Company in 1866.

 

Strength:

ExxonMobil understands the need of addressing sustainability in today’s global economy, balancing economic growth, social development, and environmental protection so that actions taken today do not harm future generations. By producing high-performance industrial lubricant products, services, and solutions. ExxonMobil Lubricants dedication to sustainability extends beyond running our own business in an environmentally conscious manner. Their high-performance industrial lubricants can assist you in doing the same.

By discussing potential risks and product-management best practices, ExxonMobil Lubricants strives to protect the safety, health, and the workplace.

In the manufacture, distribution, use, and disposal of their products, they reduce environmental impacts and resource usage.

Using strong ethical standards and legal compliance in all facets of their business to ensure industry-leading corporate governance.

Supporting local enterprises, communities, and organisations to promote economic and social growth.

Managing climate hazards by conducting extensive research on lowering greenhouse gas emissions and industrial energy consumption.

ExxonMobil respects human rights and security by ensuring that its economic presence positively impacts people and local communities.

 

It is advantageous to customers who have:

Energy and resource use, pollutants, and expenses are reduced due to more efficient equipment and fuel efficiency gains.

Oil life is up to five times longer than other lubricants, reducing lubricant use, used oil output, and operating costs.

Extend the life of the equipment to increase its lifespan and operating uptime while lowering maintenance, disposal, and replacement expenses.

Where environmentally acceptable products are required, like their speciality EALTM (Environmental Awareness Lubricants) range, environmentally acceptable products provide optimal soil, groundwater, and surface water systems protection.

 

lubricant

 

8. GS Caltex India Private Limited

 

GS Caltex India is a wholly-owned South Korean GS Caltex Corporation. It was established in India on February 2, 2010 and had its registered office in Mumbai. The company is currently producing high-quality premium lubricants using its own group II plus base oils sourced from its Yeosu Refinery in South Korea.

The company’s operations span the length and breadth of India, with warehouses strategically placed to meet consumer demands. GS Caltex India offers a wide range of high-quality finished lubricants to large companies like Kia Motors, Volvo Construction, Hyundai Motors, Hyundai Construction, Kohler, Ajax, Doosan, Indus Towers, Putzmeister, Puzzolana, and others.

GS Caltex, created in 1967, is a 50-50 joint company between GS Energy of South Korea and Chevron Corporation of the United States. GS Caltex is a global leader in the petroleum, lubricant, and petrochemical industries, with headquarters in Seoul, South Korea. The firm exports a wide range of petroleum products, including lubricants. GS Caltex aspires to be a leading global energy corporation through continual R&D and investments.

 

Oil Refining

GS Caltex imports 80 different types of crude oil from 30 other nations in the Middle East, the United States, Southeast Asia, Australia, and Europe. A steady supply is ensured via a diverse sourcing strategy.

In addition, the nation’s largest heavy oil upgrading facility, with a capacity of 274,000 BPD, generates light oil products and high-grade gasoline. It has moved GS Caltex closer to realising a “perfect complex.”

 

Sale and Distribution

Sales and Distribution GS Caltex petroleum products are available to motorists at around 2,400 service stations and 400 filling stations across Korea. The components are also supplied to a variety of businesses for industrial use, as well as railway and airline companies for transportation. Moreover, half of GS Caltex’s output is exported to other countries.

GS Caltex provides a range of services to meet the shopping and vehicle maintenance needs of its consumers. They offer perks like service enhancement programmes. In China’s Shandong Province, GS Caltex runs gasoline service stations. We provide industry-leading services to Chinese customers by leveraging customer management and operating know-how gained in Korea.

 

lubricant

9. Elf India

 

The mission of ELF has always been to be the most competitive, smart, and successful lubricant brand. ELF makes motor oils and lubricants suited for champions by combining technological smart, research, and cutting-edge technology.

ELF is a dedicated racing fan who attends the world’s most prestigious events, including the World Superbike, MotoGP, World Series by Renault, and World Endurance.

Grease, manual gearboxes, cooling systems, and brakes were some of the company’s redesigned items. This company’s brand name is Total. This business is specialised in lubricants and motor oils.

This company primarily produced oils for competitive sports and champions in motorsports. This brand competed in several tournaments and the championship. Renault, Kawasaki, Nissan, and Dacia, have established long-term partnerships with this brand.

 

lubricant

10. Tide Water Oil Co India Limited

 

Tide Water Oil Co. (India) Ltd., which owns the Veedol brand, is a leading manufacturer and marketer of high-quality lubricants in more than 65 countries. Since 1928, it has catered to India’s automobile and industrial markets.

High-performance engine oils for passenger cars, two- and three-wheelers, large commercial vehicles, off-highway vehicles, buses, and tractors are available from Veedol. It also offers automotive gear oils, transmission oils, coolants, brake oil, greases, and a range of industrial and speciality lubricants for industrial applications. The entire product line meets OEMs’ current technological needs by providing solutions for varied applications and performance levels.

Tide Water Oil purchased 100% of Veedol International Limited (VIL) from BP plc in 2011. VIL is based in Edinburgh, Scotland, and owns a large portfolio of registered trademarks for the Vedol master brand and its associated product sub-brands and iconic logos. Veedol Lubricants is currently present in more than 65 countries throughout the world.

Tide Water Oil and Eneos Corporation, Japan’s largest petroleum conglomerate, launched a 50:50 joint venture business in 2014. The JV, JX Tide Water Oil Lubricants India Pvt. Ltd., is in charge of the ENEOS lubricant brand’s sales and marketing. Tide Water Oil, which helps the JV in its last-mile distribution, manufactures high-tech ENEOS products in India. For the delivery of co-branded and authentic lubricants, the JV works closely with prominent OEMs like Honda Motors & Scooters, Honda Cars, Hero Moto Corp., Kubota, Yamaha, and Kobelco.

In 2016, it purchased all of the shares of Price Thomas Associates, the UK-based company that owns Granville Oil & Chemicals Ltd.

With registered offices in Kolkata, India, and regional offices in New Delhi, Mumbai, and Chennai, Tide Water Oil has a large retail distribution network in India, with over 500 direct distributors and dealers servicing over 50,000 retail stores and workshops. The network is served by five state-of-the-art ISO-accredited production factories and more than 48 strategically located depots across the country. The company has pioneered the launch of a number of new performance level goods to meet customers’ evolving needs. The Indian government’s Department of Scientific and Industrial Research recognises two in-house R&D centres, one in Turbhe, Navi Mumbai, and the other in Oragadam, near Chennai.

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