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Tractor Sales May Hit Record in FY26 on Strong Monsoon, MSP Hike: CRISIL
The Business Guardian
|April 22, 2025
India's domestic tractor sales are expected to reach an all-time high of around 9.75 lakh units in fiscal 2026, marking a 3-5 percent increase over the previous year, according to a report by CRISIL Ratings.
The report highlighted that this growth will be driven primarily by an expected above-normal monsoon, higher minimum support prices (MSPs) for key cash crops, and a steady rise in replacement and construction demand.
It said, "Monsoon boost to drive tractor volumes to new high of ~9.75 lakh units. Expected increase in crop MSP, replacement demand to support sales."
Domestic sales volume of tractors is set to hit an all-time high of ~9.75 lakh units in fiscal 2026.
The projected figure would surpass the previous peak of 9.45 lakh units recorded in fiscal 2023, continuing the upward trend seen since fiscal 2019.
This story is from the April 22, 2025 edition of The Business Guardian.
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