India’s tractor exports have registered a notable recovery in 2025 after remaining subdued over the previous two years. Industry data shows that tractor shipments during the January–November 2025 period stood at 95,191 units, marking a 6% increase compared with the corresponding period in 2024. Export volumes are expected to cross the 1 lakh unit mark by the end of December 2025.
In contrast, tractor exports remained below 100,000 units in both 2023 and 2024, impacted by weak demand across key overseas markets such as Africa, Turkey and the United States, along with currency volatility and inflationary pressures.
The improvement in export volumes during 2025 has been supported by stronger demand across several international markets and improved performance by leading Indian manufacturers. Mahindra & Mahindra, the country’s largest tractor exporter, reported higher-than-anticipated export sales between January and November 2025, supported by robust demand from South Asian and African markets.
Escorts Limited also recorded growth in overseas shipments, with increased exports to Europe and the commencement of tractor exports to Mexico through initial consignments. The broader recovery reflects improved conditions across multiple export destinations and greater traction for Indian-made tractors in global markets.
Summary
India’s tractor exports showed a strong rebound in 2025, with shipments reaching 95,191 units during January–November, up 6% year-on-year. The recovery was driven by improved demand in key regions and higher export volumes from major manufacturers such as Mahindra & Mahindra and Escorts Limited, following two years of subdued export performance.
Disclaimer:
This article is intended solely for educational and informational purposes. The securities or companies mentioned are provided as examples and should not be considered as recommendations. Nothing contained herein constitutes personal financial advice or investment recommendations. Readers are advised to conduct their own research and consult a qualified financial advisor before making any investment decisions.
Investments in securities markets are subject to market risks. Please read all related documents carefully before investing.
