TAFE Breaks Records: 2.14 Lakh Tractors Sold in FY26

TAFE Achieves Record Tractor Sales in FY26

TAFE achieved its best performance in fiscal year 2026 through record tractor sales that reached 2,14,951 units. The company outpaced industry growth to become India's second-largest tractor manufacturer, supported by a strong presence in both domestic and global markets.

FY26 Sales Highlights

• Total Tractor Sales: 2,14,951 units (record high)
• Market Position: Second-largest tractor manufacturer in India
• Growth Trend: Faster growth than the domestic industry
• Manufacturing: Plants operated at full capacity throughout the year

March 2026 Performance

• Growth Rate: 37.4% YoY
• Industry Growth: 29% YoY
• Performance Insight: TAFE outperformed the overall industry

Key Insights

Strong Domestic Demand

• High demand across key agricultural regions
• Increased adoption of farm mechanisation
• Popular tractor models drove overall sales growth

Brand Performance

• Massey Ferguson and Eicher Tractors recorded highest-ever domestic sales

Export Growth

• Exports: 12,584 units
• Strong global presence with diversified markets

Operational Strength

• Manufacturing units operated at full capacity
• Expansion plans under evaluation to meet future demand
• Strong distribution network and farmer engagement programs supported growth

Official Statement

Lakshmi Venu, Vice Chairman of TAFE, stated:

“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 access to mechanisation for small farmers, with many first-time users entering the ecosystem. This will go a long way in improving farm productivity and strengthening farmer incomes across the country.”

Outlook and Future Plans

• Positive outlook despite global economic uncertainties
• Growth driven by mechanisation and replacement demand
• Increasing use of tractors beyond traditional applications
• Focus on expanding domestic and export markets

About the Company

Tractors and Farm Equipment Limited (TAFE), established in 1960 and headquartered in Chennai, is one of the leading global tractor manufacturers. The company sells over 200,000 tractors annually and exports to more than 80 countries.

Its key brands include Massey Ferguson, Eicher Tractors, TAFE Tractors, and IMT. TAFE also operates across multiple business segments such as farm machinery, engines, hydraulic systems, and engineering plastics.

Conclusion

TAFE delivered a landmark performance in FY26 with record sales and strong growth across segments. Rising mechanisation, robust rural demand, and strategic expansion initiatives are expected to support the company’s growth trajectory in the coming years.