Mahindra Tractor Sales Down 23% in September 2026: Check Full Report

Mahindra Tractor Sales September 2026: Domestic Decline, Exports Grow 62%

Mahindra & Mahindra Ltd. has announced its tractor sales report for September 2026. The company’s Farm Equipment Business (FEB) recorded 50,208 domestic tractor sales during the month, compared with 64,946 units sold in September 2025. This resulted in a 23% year-on-year decline in domestic tractor sales.

According to Mahindra, the decline was primarily due to a shift in the festive season. The festive season is commencing in October this year, whereas it started in September last year. The company also highlighted that September 2025 had a higher sales base, which benefited from the implementation of a GST rate cut during that period.

Mahindra Tractor Domestic Sales September 2026

Mahindra sold 50,208 tractors in the domestic market in September 2026, down from 64,946 units in the same month last year.

Despite the monthly decline, cumulative domestic tractor sales remained positive. During the cumulative period up to September 2026, Mahindra sold 2,62,872 tractors, compared with 2,47,336 units in the corresponding period last year, registering 6% growth.

Mahindra Tractor Export Sales September 2026

Mahindra recorded strong growth in exports during September 2026. The company exported 1,892 tractors, compared with 1,165 units in September 2025, registering 62% growth.

Cumulative exports also increased by 16% to 11,196 units, compared with 9,689 units during the corresponding period of the previous year. Export figures include CKD units.

Mahindra Total Tractor Sales September 2026

Including domestic sales and exports, Mahindra sold 52,100 tractors in September 2026, compared with 66,111 units in September 2025. This represents a 21% year-on-year decline in total tractor sales.

However, cumulative total sales reached 2,74,068 units, compared with 2,57,025 units last year, representing 7% growth.

Mahindra Tractor Sales: Key Highlights

• Domestic Sales: 50,208 units
• Domestic Growth: -23%
• Exports: 1,892 units
• Export Growth: 62%
• Total Sales: 52,100 units
• Total Sales Growth: -21%
• Cumulative Domestic Growth: 6%
• Cumulative Export Growth: 16%
• Cumulative Total Growth: 7%

Mahindra’s Statement

Veejay Nakra, President – Farm Equipment Business, Mahindra & Mahindra Ltd. said “We have sold 50,208 tractors in the domestic market during September 2026. The year-on-year decline in volumes is primarily attributable to the festive season shift, commencing in October this year, as compared with September last year. 

The comparison is also impacted by a higher base in September 2025, which benefited from the implementation of the GST rate cut during the period. In the exports market, we have sold 1,892 tractors” 

Conclusion

Mahindra recorded a 23% decline in domestic tractor sales in September 2026, with 50,208 units sold. The company attributed the decline mainly to the festive season shifting to October and the higher sales base created by the GST rate cut in September 2025.

At the same time, exports grew strongly by 62%, while cumulative domestic and total tractor sales continued to register growth. The upcoming festive season in October could provide further insight into tractor demand during the current financial year.

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