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Harvesting Growth: GST Cut, Bumper Monsoon Fuel Record Tractor Sales in FY26
A strong monsoon, election-year cash and a surprise tax cut combined to push FY26 wholesale dispatches to an all-time high of 11.6 lakh units, the first time the industry has crossed seven figures.
By Anurag Chaturvedi
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Few years in recent memory have brought together as many tailwinds for Indian tractor makers as fiscal 2026. An above-normal monsoon refilled rural cash flows. State governments in poll-bound Maharashtra and Bihar opened the subsidy taps.
An unexpected cut in the Goods and Services Tax on tractors from 12 to 5 percent in late September lowered sticker prices overnight. And as the deadline for stricter TREM 5 emission norms drew closer, dealers and farmers pulled forward purchases they might otherwise have made later. By the close of March, the industry had sold more tractors than ever before.
Domestic ...
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