New Delhi, April 3 Tractors and Farm Equipment Ltd reported a 23 per cent increase in total tractor sales, reaching a record 2,14,951 units in 2025-26, compared to 1,74,785 units in the previous fiscal year.
The company concluded the fiscal year on a strong note, achieving 37.4 per cent growth in March 2026, Tractors and Farm Equipment Ltd (TAFE) said in a statement.
It also achieved the highest-ever domestic sales, with both the company's brands, Massey Ferguson and Eicher tractors, recording their highest sales, TAFE added.
Commenting on the performance, TAFE Vice Chairman Lakshmi Venu said this has been a very positive year for both the tractor market and for farmers across the country. In addition to favorable monsoon rains, the government's move to reduce GST has provided significant relief to the agricultural sector, she added.
"We are now seeing a very encouraging trend in the adoption of mechanization in rural areas. This year marks a significant shift in access to mechanization for small farmers, with many first-time users entering the mechanization ecosystem," Venu said.
This will go a long way in improving farm productivity and strengthening farmer incomes across the country, she added.
At TAFE, Venu said, "We have remained sharply focused on the rapidly evolving preferences of our customers in this sector, and it is this focus that has enabled us to perform well in the market this year."
While global uncertainties and inflationary pressures arising from ongoing geopolitical tensions and war-related supply disruptions continue to impact input costs, the underlying fundamentals of Indian agriculture remain resilient, the company said.
Looking ahead, TAFE said it remains optimistic about the medium-term outlook, supported by continued mechanization uptake, replacement demand, expanding applications of tractors and implements, and a gradual recovery in key export markets.
The company remains confident of sustaining its growth momentum, it added.
Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.