Mahindra Records 37 pc Growth in Domestic Tractor Sales in December 2025

Mahindra & Mahindra Ltd.’s Farm Equipment Business (FEB), reported strong tractor sales performance in December 2025, driven by improved farm cash flows, favorable weather conditions, and higher rabi sowing.

The company sold 30,210 tractors in the domestic market during December 2025, compared to 22,019 units in the same month last year, registering a 37 percent year-on-year growth.

Including exports, Mahindra’s total tractor sales stood at 31,859 units in December 2025, up from 22,943 units a year ago, marking a 39 percent increase. Exports for the month rose sharply to 1,649 units, recording a 78 percent growth over December 2024.

Commenting on the performance, Veejay Nakra, President – Farm Equipment Business, Mahindra & Mahindra Ltd., said improved liquidity in rural markets following the kharif harvest played a key role in boosting demand.

“Cash flow availability in the market has improved, supported by favorable crop yields after the kharif harvest. In addition, conducive weather conditions and healthy reservoir levels have led to an increase in rabi sowing acreage, which is expected to sustain tractor demand in the coming months,” Nakra said. He added that the export performance also remained robust, with overseas shipments rising sharply during the month.

Year-to-date performance remains strong

For the April–December period of FY26 (up to December 2025), Mahindra’s domestic tractor sales reached 3,91,890 units, compared to 3,24,327 units in the corresponding period last year, reflecting a 21 percent growth. Exports during the same period rose 20 percent to 14,702 units, while total tractor sales increased to 4,06,592 units, up from 3,36,623 units a year earlier.

Industry analysts say the sustained rise in tractor sales indicates improving rural sentiment, supported by better monsoon outcomes, higher cropping intensity, and steady investment in farm mechanization.