TAFE Announces Landmark Performance with 2,14,951 Tractor Units Sold in FY26

TAFE  Sold 2,14,951 Tractor Units in FY26

Chennai, India, April 2, 2026: TAFE has concluded the 2025-26 fiscal year with a landmark performance, recording its highest-ever annual tractor sales. By surpassing the 2.14 lakh unit milestone, TAFE has outpaced domestic industry growth and reinforced its position as India’s second-largest manufacturer and a strong global player.

Key Sales Metrics

Brand & Market Analysis

Domestic Success

• Brand Record: Massey Ferguson and Eicher Tractors recorded their highest-ever domestic sales.
• Regional Impact: Growth driven by popular models and farmer connect programs.
• Industry Leadership: TAFE grew faster than the domestic tractor industry.

International Performance

With 12,584 units exported, TAFE continues to strengthen its global presence across 80+ countries using brands like IMT.

Strategic Drivers of Success

• Policy & Economy: Reduced GST supported farmers financially.
• Climate: Favourable monsoon boosted agricultural productivity.
• Rural Mechanisation: Increased adoption by small and first-time users.
• Customer Focus: Products aligned with evolving farmer needs.

Outlook and Future Expansion

• Capacity Expansion: Plans to meet rising domestic and global demand.
• Growth Catalysts: Mechanisation growth, replacement demand, and new applications beyond farming.

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 access to mechanisation for small farmers, with many first-time users entering the ecosystem. This will significantly improve farm productivity and farmer incomes. At TAFE, our focus on evolving customer needs has enabled us to perform strongly this year.”

About TAFE

Founded in 1960, TAFE is a diversified group with core operations in farm machinery, diesel engines, and engineering plastics. The company strengthened its global presence through strategic acquisitions like Eicher Tractors (2005) and FAURECIA India (2022).