Mahindra & Mahindra Ltd.'s Farm Equipment Business has reported strong sales figures for November 2025, selling 42,273 tractors in the domestic market, marking a 33% increase compared to 31,746 units sold during the same month last year.
The company's total tractor sales, including exports, reached 44,048 units in November 2025, up from 33,378 units in November 2024, representing a 32% year-on-year growth. Export sales stood at 1,775 units, reflecting a 9% increase over the previous year.
Veejay Nakra, President of the Farm Equipment Business at Mahindra & Mahindra Ltd., attributed the performance to sustained momentum following the festive season. The company had previously recorded 27% growth during September and October 2025.
Nakra pointed to several factors driving demand, including record kharif season production, increased rabi sowing acreage, and positive farmer sentiment. He also highlighted the impact of government measures, including GST rate reductions and higher Minimum Support Prices (MSP), which have improved cash flows for farmers and boosted demand for tractors and farm implements.
For the year-to-date period through November, Mahindra's domestic tractor sales reached 361,680 units, up 20% from 302,308 units in the corresponding period of the previous fiscal year. Total sales including exports stood at 374,733 units, compared to 313,680 units, marking a 19% increase.
Mahindra Group, founded in 1945, holds a leadership position in farm equipment globally and is the world's largest tractor manufacturer by volume. The company operates in over 100 countries with 324,000 employees and maintains a strong presence across multiple sectors including utility vehicles, information technology, financial services, renewable energy, and agriculture.