Mahindra Farm Equiment Business tractor sales in January 2026: Sold 40,643 tractors, Rise 47%

January 2026 marked a strong start for Mahindra & Mahindra’s Farm Equipment Business, including its Swaraj Tractors range. The company reported total tractor sales of 40,643 units in January 2026, reflecting healthy demand across markets. Let’s discuss these sales in detail below.

Mahindra & Swaraj Tractor Sales in January 2026: Domestic

In the domestic market, Mahindra & Swaraj tractors recorded sales of 38,484 units in January 2026, compared to 26,305 units in January 2025. This marks a strong year-on-year growth of 46%, indicating a significant recovery in tractor demand across rural India.

Higher agricultural activity, improved cash flows for farmers, and increased focus on mechanisation contributed to this sharp rise in domestic sales during the month.

Mahindra & Swaraj Tractor Sales in January 2026: Export

On the exports front, Mahindra & Swaraj sold 2,159 tractors in January 2026, as against 1,252 units in January 2025. This translates into an impressive 72% year-on-year growth, highlighting strong demand in overseas markets.

The sharp increase in export volumes reflects the brand’s expanding global footprint and growing acceptance of Indian-made tractors in international agricultural markets.

Mahindra & Swaraj Tractor Sales in January 2026: Domestic + Export

Combining both domestic and export figures, Mahindra & Swaraj reported total tractor sales of 40,643 units in January 2026, compared to 27,557 units in January 2025. This represents a 47% growth over the same month last year, showcasing a robust overall performance.

The strong contribution from both segments ensured balanced growth and reinforced the company’s leadership position in the tractor industry.

Particular	Mahindra and Swaraj Tractor Sales in January 2026
	January 2026	January 2025	% Change
Domestic	38,484	26,305	46%
Export	2,159	1,252	72%
Total	40,643	27,557	47%

Mahindra & Swaraj Tractor Sales – YTD (April 2025 to January 2026)

Looking at the year-to-date performance from April 2025 to January 2026, Mahindra & Swaraj’s cumulative domestic tractor sales stood at 4,30,374 units, compared to 3,50,632 units during the same period last year, registering a 23% growth. Export sales for the same YTD period increased from 13,548 units to 16,861 units, reflecting a 24% rise. Overall, total tractor sales (domestic plus exports) grew from 3,64,180 units to 4,47,235 units, marking a 23% year-on-year increase, which clearly underlines sustained demand throughout the financial year so far.

Particular	Mahindra and Swaraj Tractor Sales YTD (Year to Date)
	(Apr-Jan 2026)	(Apr-Jan 2025)	% Change
Domestic	4,30,374	3,50,632	23%
Export	16,861	13,548	24%
Total	4,47,235	3,64,180	23%

Conclusion

Mahindra & Swaraj’s tractor sales performance in January 2026 highlights a strong growth trend across domestic and export markets, supported by favourable agricultural conditions and a positive policy outlook. With double-digit growth in monthly as well as YTD figures, the company appears well-positioned to maintain its momentum in the coming months. Continued government focus on rural development and farm mechanisation is expected to further support tractor demand and industry growth.

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