If this red light comes on, it means you have critically low oil pressure and should immediately pull over and turn off the engine. Continuing to drive could cause serious engine damage. Check your oil level right away.
While there's no dedicated oil change indicator, you should still be meticulously following the recommended oil change intervals in your owner's manual. This interval is typically based on mileage and time, and neglecting it can lead to engine problems, even if the low oil pressure light hasn't come on.