TAFE Achieves Record Tractor Sales of 2,14,951 Units in FY26

Chennai, April 2, 2026:Tractors and Farm Equipment Limited (TAFE) is India’s second-largest tractor manufacturer and a leading global tractor company. In FY26, it reported its highest-ever tractor sales, reaching approximately 2,14,951 units. This record achievement shows TAFE’s strong position in both India and international tractor markets, growing faster than the domestic industry in FY26.

March 2026 Sales Growth Outpaces Industry

TAFE ended FY26 on a strong note with 37.4% growth in March 2026, surpassing the domestic industry growth of 29% during the same period. This growth reflects TAFE’s popular tractor models, effective farmer connect programs, and high demand across key agricultural regions in India.

Domestic and Export Performance

TAFE’s brands, Massey Ferguson and Eicher Tractors, achieved their highest-ever domestic sales in FY26. On the export front, TAFE shipped 12,584 tractors to global markets, showcasing its strong international footprint and a well-diversified growth strategy.

To meet the rising demand, TAFE’s manufacturing plants operated at full capacity throughout the year. The company is also evaluating capacity expansion initiatives to strengthen its leadership position and support future growth in the global tractor industry.

Official Statement from TAFE

Dr. Lakshmi Venu, Vice Chairman, TAFE, said, “This has been a very positive year for both the tractor market and for farmers across the country. In addition to favourable monsoons, the government’s move to reduce GST has provided significant relief to the farming sector.

We are now seeing a very encouraging trend in the penetration of mechanisation in rural areas. This year marks a meaningful shift in the access to mechanisation for small farmers with many first time users entering the mechanization ecosystem. This will go a long way in improving farm productivity and strengthening farmer incomes across the country. At TAFE, 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.”

Outlook and Future Plans

Despite global uncertainties and inflationary pressures, Indian agriculture remains strong. TAFE expects continued growth supported by increasing mechanisation, replacement demand, and expanding tractor applications. The company remains confident of sustaining its growth momentum in both domestic and export markets.

About TAFE

Founded in 1960 in Chennai, TAFE is one of the world’s largest tractor manufacturers, selling over 2 lakh tractors annually. Its brands include Massey Ferguson India, TAFE Tractors, Eicher Tractors, and IMT, with exports to over 80 countries.

TAFE also operates in farm machinery, diesel engines, generators, engineering plastics, hydraulic systems, gears, vehicle franchises, and plantations. Key acquisitions include Eicher Tractors (2005), IMT Serbia (2018), and FAURECIA India (2022), strengthening its domestic and global presence.

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