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.
15 Apr 2026 | 13667 Views | By Anurag Chaturvedi
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 ...
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Delinquencies are at multi-year lows, but there's no visibility on whether borrowers earn enough to service the debt.
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