Tractor OEM
The tractor industry registered a 14.3% month-on-month recovery in October 2025, supported by post-harvest activity, festive buying, and improved liquidity following GST cuts. On a year-on-year basis, sales increased 13.4%, indicating resilience despite uneven rainfall. Mahindra & Mahindra (including Swaraj) grew 14.8% month-on-month, with TAFE, Escorts Kubota, and International Tractors posting gains between 10% and 15%. The segment’s steady momentum reflects renewed rural optimism and positions the industry for continued strength into the rabi cropping season.
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