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Tractor Industry to Grow 8-10% in FY2026 Amid Strong Monsoon, GST Cut: ICRA

autherSarthak Mahajan     calendar03 Nov 2025

Rating agency ICRA has upgraded its tractor industry outlook for FY2026 to 8-10% growth from 4-7%, supported by favorable monsoon conditions, improved agricultural output, and September's GST rate reduction to 5%.

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