Mahindra FEB Tractor Sales in Sep'26: Sold 52,100 Tractors, Declined 21% Due to Higher Base in Sep'25 After GST Rate Cut

Mahindra's Farm Equipment Business (FEB) sold 52,100 tractors in September 2026. Compared to September last year. Mahindra’s wholesale tractor sales were down by 21%.

Mahindra & Swaraj Tractor Sales in September 2026: Domestic

Inside India, Mahindra and Swaraj together sold 50,208 tractors in September 2026. In September 2025, the number was 64,946. So domestic sales went down by 23%. This negative movement in the market is because of the festive season shift to October and the higher base in September 2025 because of the GST rate cut.

Mahindra & Swaraj Tractor Sales in September 2026: Export

Mahindra and Swaraj exported 1,892 tractors to other countries in September 2026. In September 2025, the sales were 1,165. That means exports went up by 62%.

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

Mahindra and Swaraj total sales for September 2026 were 52,100 tractors. A year ago, in September 2025, it was 66,111. So overall sales moved down by 21%.

Particular	Mahindra and Swaraj Tractor Sales in September 2026
	September 2026	September 2025	% Change
Domestic	50,208	64,946	-23%
Export	1,892	1,165	62%
Total	52,100	66,111	-21%

Mahindra & Swaraj Tractor Sales - YTD (April 2026 to September 2026)

Now let's look at the first six months of the financial year, from April to September 2026. In these six months, Mahindra and Swaraj sold 2,74,068 tractors. In the same six months in 2025, they sold 2,57,025 tractors. That is a rise of 7%.

• Domestic sales (April to September 2026): 2,62,872 tractors
• Export sales (April to September 2026): 11,196 tractors

Particular	Mahindra and Swaraj Tractor Sales YTD (Year to Date)
	(April - September 2026)	(April - September 2025)	% Change
Domestic	2,62,872	2,47,336	6%
Export	11,196	9,689	16%
Total	2,74,068	2,57,025	7%

What Will Happen Next?

The next few months will show how the festive demand and the growing rural sentiments keep sales strong through the rest of the year. 

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