India Automotive Coolant Market Forecast and Opportunities, 2018
Published Date: May - 2025 | Publisher: MIR | No of Pages: 320 | Industry: Automotive | Format: Report available in PDF / Excel Format
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India Automotive Coolant Market Analysis
The India Automotive Coolant Market size is estimated at USD 123.99 billion in 2025, and is expected to reach USD 189.20 billion by 2030, at a CAGR of 8.82% during the forecast period (2025-2030).
- The COVID-19 outbreak impacted the market negatively, as the demand for automobiles during the lockdown period declined to almost zero for the first time. The production of vehicles was also halted in order to maintain the social distancing norms and prevent the spread of the virus. However, with the rising consumer demand for automobiles, combined with the restart of manufacturing activity, has resulted in a resurgence in the automotive coolant industry.
- With the growing demand for vehicles and government incentives to original equipment manufacturers (OEMs) to promote the Make in India initiative, several OEMs from across the world are investing heavily in the country to set up their production units to meet the local and global demand. The other factor acting as a market driver is the increasing average age of vehicles on the road.
- Ethylene glycol is the most preferred automotive coolant. However, it is highly toxic and requires careful disposal. Therefore, the coolant industry began manufacturing less toxic coolants. The passenger cars segment is expected to grow at a high rate due to the high demand for cars in the country.
India Automotive Coolant Market Trends
Increasing Investment in the Automobile Sector in the Country
- In order to keep up with the growing demand, several automakers have started investing heavily in various segments of the industry during the last few years. With the FDI policy for the automobile sector allowing 100% foreign domestic investment (FDI) under the automatic route, FDI equity inflows in the automobile industry are increasing at a high rate.
- Several global original equipment manufacturers (OEMs) are investing in the country either through joint ventures with established players or, after the relaxation of FDI norms, investing directly in setting up their own production units or enhancing the sales and dealership networks across the country. Some of the recent/planned investments and developments in the automobile sector in India are as follows
- In February 2022, the government received an investment proposal worth INR 45,016 crores (USD 6.04 billion) from 20 automotive companies under the PLI Auto scheme. This scheme is expected to create an incremental output of INR 2,31,500 crore (USD 31.08 billion).
- The Indian government has outlined USD 7.8 billion for the automobile and auto component sector in Production-Linked Incentive (PLI) schemes under the Department of Heavy Industries.
- With the growing investments in the automotive sector, the production of automobiles in the country is expected to ramp up to meet the growing demand. The trend is expected to continue during the forecast period.
India automotive coolant market segmentation
The India automotive coolant market is segmented by vehicle type (passenger cars and commercial vehicles), chemical type (ethylene glycol and propylene glycol), and technology (IAT, OAT, HOAT). Specifically, the market is further divided by product (ethylene glycol, propylene glycol, glycerin), type (inorganic acid, organic acid, hybrid organic acid), and distribution channel (online and offline).
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Detailed Segmentation
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By Vehicle Type
- Passenger Cars The segment is expected to grow with a high rate due to high demand for cars in the country.
- Commercial Vehicles Includes lightweight and heavyweight commercial vehicles.
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By Chemical Type
- Ethylene Glycol The largest revenue-generating product segment in 2024.
- Propylene Glycol Another key product type.
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By Technology
- Inorganic Additive Technology (IAT) Dominated by the Conventional/IAT segment, which provides reliable cooling system protection at a lower price point, especially in older vehicles.
- Organic Additive Technology (OAT) A dominant segment, accounting for major market revenue over the forecast period.
- Hybrid Organic Acid Technology (HOAT) Another technology type.
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By Product
- Ethylene Glycol The largest segment.
- Propylene Glycol Another key product type.
- Glycerin A third product type.
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By Type
- Inorganic Acid A type of coolant.
- Organic Acid Another type of coolant.
- Hybrid Organic Acid A hybrid type.
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By Distribution Channel
- Online Online sales of automotive coolants.
- Offline Offline sales through traditional retail channels.
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key players in the India Automotive Coolant Market,
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A leading manufacturer with a strong aftermarket presence.
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Offers a wide range of coolants including OAT and IAT types.
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Indian Oil Corporation Ltd. (IOCL)
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One of India’s largest government-owned oil companies.
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Markets coolant products under the Servo brand.
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Bharat Petroleum Corporation Ltd. (BPCL)
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Offers automotive coolants under the MAK Lubricants brand.
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Has strong distribution across India.
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Hindustan Petroleum Corporation Ltd. (HPCL)
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Markets coolants under the HP Lubricants brand.
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Strong network and public sector backing.
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Global lubricant brand with a notable presence in India.
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Offers premium performance coolants.
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ExxonMobil Lubricants Pvt. Ltd.
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Sells under the Mobil brand.
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Focuses on high-performance engine coolants and lubricants.
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Valvoline Cummins Pvt. Ltd.
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Joint venture between Valvoline and Cummins India.
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Offers both conventional and long-life coolants.
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Gulf Oil Lubricants India Ltd.
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Offers coolants for commercial and passenger vehicles.
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Expanding presence in Tier 2 and 3 cities.
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TotalEnergies Marketing India Pvt. Ltd.
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French energy major active in India’s lubricants and coolant space.
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Focus on innovation and sustainability.
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Anand Group (MAHLE Anand Thermal Systems)
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Supplies OEMs with high-performance coolant systems.
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Strong in the OE and Tier 1 supply chain.
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