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Lubricants Market in India to Hit 6.9 Bn Liters by 2032 Driven by Vehicle Servicing and Manufacturing Growth, Reports Mordor Intelligence
GlobeNewswire Inc.·
India's lubricants market is projected to grow from 5.77 billion liters in 2026 to 6.99 billion liters by 2032, with a CAGR of 3.28% during 2027-2032. Growth is driven by expanding vehicle base, manufacturing activities under Make in India initiative, and shift toward premium synthetic oils due to stricter emission norms. However, unpredictable input costs and electric mobility transition may limit profitability.
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