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India’s vehicle sales rose 6.1% year-on-year in the quarter through September, a key leading indicator for companies like Castrol, which derives about 80% of its revenue from the automotive segment.
India’s automotive engine oils market size is estimated at 1.12 billion liters in 2025, and is expected to reach 1.15 billion liters by 2030, according to a report by research firm Mordor Intelligence.
Two-wheeler sales climbed 7.4% during the quarter, while commercial vehicle sales advanced 8.3%, industry data showed.
Castrol India, which also makes industrial lubricants like turbine and hydraulic oils, said total revenue from operations grew 5.8% to 13.63 billion rupees in the quarter.
Total expenses grew 3.8% in the quarter, with heavyweight cost of raw and packing materials consumed growing 2.7%.
($1 = 87.8950 Indian rupees)
Reporting by Meenakshi Maidas in Bengaluru; Editing by Ronojoy Mazumdar
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