Mahindra Tractor Sales Fall 13% in October 2026 as Festive Calendar Shifts

Key Highlights

• Mahindra sold 62,626 tractors in India in October 2026, down 13% year-on-year.

• Total tractor sales, including exports, declined 12% to 64,846 units.

• Tractor exports increased 40% to 2,220 units during October.

• Cumulative domestic sales grew 2% to 3,25,498 units in FY2027.

• Total cumulative sales increased 2% to 3,38,914 units during April-October.

Mahindra & Mahindra Ltd.’s Farm Equipment Business (FEB) sold 62,626 tractors in the domestic market in October 2026, registering a 13% year-on-year decline compared to 72,071 tractors sold in October 2025. The company attributed the lower domestic sales to a shift in the festive calendar, with Diwali falling in November this year instead of October.

According to the company's latest sales report released on November 1, 2026, total tractor sales, including domestic sales and exports, stood at 64,846 units in October 2026, down 12% from 73,660 units recorded in the corresponding month last year.

Despite the decline in domestic sales, Mahindra recorded strong growth in its export business during the month, highlighting improved demand in international markets.

Mahindra Domestic Tractor Sales Decline 13% in October 2026

Mahindra's domestic tractor sales stood at 62,626 units in October 2026, compared to 72,071 units in the same month last year. This represents a year-on-year decline of 13%.

The company explained that the decline was mainly due to the festive calendar shift. Diwali, which fell in October in 2025, will be celebrated in November in 2026. This change affected the timing of festive-season tractor purchases and influenced the company's October sales performance.

However, Mahindra maintained positive growth in its cumulative domestic sales. Between April and October of FY2027, the company sold 3,25,498 tractors in the domestic market, compared to 3,19,407 units during the corresponding period of FY2026, registering a 2% increase.

Mahindra Tractor Exports Grow 40% in October

Mahindra's export business delivered strong performance in October 2026. The company exported 2,220 tractors during the month, compared to 1,589 units in October 2025, registering a year-on-year growth of 40%.

The growth in exports helped support the company's overall tractor sales despite the decline in domestic volumes.

On a cumulative basis, Mahindra exported 13,416 tractors between April and October FY2027, compared to 11,278 units during the same period in FY2026. This represents an increase of 19%.

The export figures include Completely Knocked Down (CKD) units.

Mahindra Total Tractor Sales Stand at 64,846 Units

Combining domestic sales and exports, Mahindra's total tractor sales reached 64,846 units in October 2026, compared to 73,660 units in October 2025. This represents a year-on-year decline of 12%.

However, the company's cumulative performance remained positive. Total tractor sales during April-October FY2027 stood at 3,38,914 units, against 3,30,685 units in the corresponding period of FY2026, registering 2% growth.

The cumulative figures indicate that Mahindra maintained overall sales growth during the first seven months of FY2027, supported by steady domestic demand and stronger export performance.

Veejay Nakra Comments on Mahindra Tractor Sales

Commenting on the company's October 2026 performance, Veejay Nakra, President – Farm Equipment Business, Mahindra & Mahindra Ltd., said that the company sold 62,626 tractors in the domestic market during the month.

He explained that the decline in domestic sales was primarily due to the shift in the festive calendar, as Diwali moved from October last year to November this year.

He also highlighted the company's export performance, confirming that Mahindra sold 2,220 tractors in international markets during October 2026.

Mahindra Farm Equipment Business Sales Summary

Cumulative Sales: April–October

Note: Export figures include CKD units.

Also Read: Escorts Kubota Tractor Prices to Increase From November 2026: Farmtrac, Powertrac and Kubota Models to Get Costlier

CMV360 Says

Mahindra's October 2026 tractor sales declined due to the shift in the Diwali festive calendar, which moved tractor purchases into November. However, the company's export business delivered strong growth, helping support overall sales. With cumulative domestic and total tractor sales both recording 2% growth during April-October FY2027, Mahindra continues to maintain positive year-to-date performance despite the temporary monthly decline.