M&M expects the overall tractor market to register high single-digit growth in FY26
The Indian tractor industry has begun FY26 on a strong footing, with April sales showing positive momentum through both year-on-year and month-on-month. The industry remains optimistic for the rest of the fiscal year, projecting high single-digit growth, buoyed by positive monsoon forecasts.
Domestic tractor sales rose 8 per cent to 82,839 units in April 2025, up from 76,945 units in April 2024. On a sequential basis, sales were up 4 per cent, according to data from the Tractor & Mechanization Association (TMA).
Industry representatives say confidence is running high within India’s farming community, fuelled by strong year-on-year growth in Kharif crop output, healthy Rabi sowing estimates and the outlook for a favourable monsoon.
Leading tractor manufacturer Mahindra & Mahindra reported an 8 per cent increase in domestic tractor sales, rising to 38,516 units in April. The company attributed the growth to strong retail momentum spurred by the Chaitra Navratri festival in the first week of April, along with favourable crop prices and high procurement activity at Mandis, which have strengthened farm cash flows.
Sonalika Tractors registered a 3 per cent rise in sales, reaching 9,955 units in April 2025 (9,649 units). In contrast, Escorts saw its tractor sales decline 4 per cent, falling to 8,148 units in April.
M&M expects the overall tractor market to register high single-digit growth in FY26. Escorts Kubota has also forecast mid-to-high single-digit growth for the sector during the current fiscal.
On the production front, total tractor output in April 2025 stood at 93,369 units, the highest monthly figure recorded in the past six months. This compares with 77,464 units produced in April 2024 and 85,500 units in March 2025.
A report by Kotak Institutional Equities highlighted that demand momentum is likely to remain resilient, supported by strong Rabi sowing activity, elevated water storage levels in major reservoirs, continued government support and favourable terms of trade for farmers.
However, tractor exports saw a dip, falling to 7,441 units in April 2025 (7,459 units). While Mahindra and Escorts reported growth in overseas shipments, Sonalika’s exports remained flat. Escorts Kubota expressed optimism about the export market, projecting a 20-25 per cent growth in exports for FY26.
Published on May 12, 2025
M&M expects the overall tractor market to register high single-digit growth in FY26
The Indian tractor industry has begun FY26 on a strong footing, with April sales showing positive momentum through both year-on-year and month-on-month. The industry remains optimistic for the rest of the fiscal year, projecting high single-digit growth, buoyed by positive monsoon forecasts.
Domestic tractor sales rose 8 per cent to 82,839 units in April 2025, up from 76,945 units in April 2024. On a sequential basis, sales were up 4 per cent, according to data from the Tractor & Mechanization Association (TMA).
Industry representatives say confidence is running high within India’s farming community, fuelled by strong year-on-year growth in Kharif crop output, healthy Rabi sowing estimates and the outlook for a favourable monsoon.
Leading tractor manufacturer Mahindra & Mahindra reported an 8 per cent increase in domestic tractor sales, rising to 38,516 units in April. The company attributed the growth to strong retail momentum spurred by the Chaitra Navratri festival in the first week of April, along with favourable crop prices and high procurement activity at Mandis, which have strengthened farm cash flows.
Sonalika Tractors registered a 3 per cent rise in sales, reaching 9,955 units in April 2025 (9,649 units). In contrast, Escorts saw its tractor sales decline 4 per cent, falling to 8,148 units in April.
M&M expects the overall tractor market to register high single-digit growth in FY26. Escorts Kubota has also forecast mid-to-high single-digit growth for the sector during the current fiscal.
On the production front, total tractor output in April 2025 stood at 93,369 units, the highest monthly figure recorded in the past six months. This compares with 77,464 units produced in April 2024 and 85,500 units in March 2025.
A report by Kotak Institutional Equities highlighted that demand momentum is likely to remain resilient, supported by strong Rabi sowing activity, elevated water storage levels in major reservoirs, continued government support and favourable terms of trade for farmers.
However, tractor exports saw a dip, falling to 7,441 units in April 2025 (7,459 units). While Mahindra and Escorts reported growth in overseas shipments, Sonalika’s exports remained flat. Escorts Kubota expressed optimism about the export market, projecting a 20-25 per cent growth in exports for FY26.
Published on May 12, 2025
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The point of using Lorem Ipsum is that it has a more-or-less normal distribution of letters, as opposed to using ‘Content here, content here’, making
The point of using Lorem Ipsum is that it has a more-or-less normal distribution of letters, as opposed to using ‘Content here, content here’, making it look like readable English. Many desktop publishing packages and web page editors now use Lorem Ipsum as their default model text, and a search for ‘lorem ipsum’ will uncover many web sites still in their infancy.
It is a long established fact that a reader will be distracted by the readable content of a page when looking at its layout. The point of using Lorem Ipsum is that it has a more-or-less normal distribution
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