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Jeet B Bhayani (SEBI RA)

20th Dec · SEBI-Registered Analyst

Industry statistics indicate that India's tractor export figures for 2025 have significantly recovered from a sluggish state over the past two years, following poor performance during that period. From January to November 2025, total tractor exports reached 95,191 units, reflecting a 6% increase compared to the same period in 2024. The latest prediction anticipates that total tractor exports will surpass 100,000 units by the conclusion of December 2025. In 2023 and 2024, tractor export quantities fell short of 1 lakh (100,000) units due to low demand from key markets (Africa, Turkey, and the USA), currency fluctuations, and inflation. Tractor exports are increasing thanks to ongoing growth in various export market segments and enhanced performance from India's leading manufacturers. Mahindra & Mahindra, India's leading tractor exporter, announced that tractor export sales from January to November 2025 exceeded expectations, demonstrating strong sales performance in South Asia and Africa. In the same way, Escorts Ltd has boosted its exports to Europe and has commenced shipments to Mexico. Analysts in the industry forecast that tractor exports will keep growing at an annual rate of 5%-10% through 2026, fueled by enhanced demand indicators and stabilising circumstances in important regions

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